Vast Resources (FRA:D9A) ROCE % : -99.80% (As of Oct. 2024)

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What is Vast Resources ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Vast Resources's annualized ROCE % for the quarter that ended in Oct. 2024 was -99.80%.

Vast Resources ROCE % Historical Data

The historical data trend for Vast Resources's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Vast Resources ROCE % Chart

Vast Resources Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Apr20

Apr21

Apr22

Apr23

Apr24

ROCE %

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-27.27

-33.80

-178.79

-155.35

-218.35

Vast Resources Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24
ROCE %	Get a 7-Day Free Trial															-201.62	-79.01	-192.63	-265.66	-99.80

Vast Resources ROCE % Calculation

Vast Resources's annualized ROCE % for the fiscal year that ended in Apr. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2024 )		(A: Apr. 2023 )		(A: Apr. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2024 )		(A: Apr. 2023 )		(A: Apr. 2024 )
	=	-11.318	/	( ( (21.511 - 16.367)	+	(20.37 - 15.147) )	/ 2 )
	=	-11.318	/	( (5.144	+	5.223)	/ 2 )
	=	-11.318	/	5.1835
	=	-218.35 %

Vast Resources's ROCE % of for the quarter that ended in Oct. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2024 )		(Q: Apr. 2024 )		(Q: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2024 )		(Q: Apr. 2024 )		(Q: Oct. 2024 )
	=	-4.974	/	( ( (20.37 - 15.147)	+	(21.061 - 16.316) )	/ 2 )
	=	-4.974	/	( ( 5.223	+	4.745 )	/ 2 )
	=	-4.974	/	4.984
	=	-99.80 %

(1) Note: The EBIT data used here is two times the semi-annual (Oct. 2024) EBIT data.

Vast Resources (FRA:D9A) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Vast Resources ROCE % Related Terms

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Vast Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vast Resources PLC (FRA:D9A) » Definitions » ROCE %

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VAST:UK

Address

60 Gracechurch Street, 6th Floor, Ben Harber, London, GBR, EC3V 0HR

Website

https://www.vastplc.com

Vast Resources PLC is focused on key mining opportunities in Romania, Zimbabwe and Tajikistan. The Group operates in one business segment, the development and mining of mineral assets. It is a resource development company producing copper concentrate, zinc concentrate and gold and silver concentrate from Manaila Polymetallic Mine based at Romania. It has interest in the underground mine, Baita Plai, which is a skarn deposit comprising veins in calcareous sediments in approximately eight distinct pipes. The geographical segments of the company includes Europe and Central Asia and Southern Africa. It has earned revenue from Europe and Central Asia.

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