Firestone Diamonds (FRA:GYF1) ROCE % : 0.00% (As of Jun. 2020)

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What is Firestone Diamonds 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. Firestone Diamonds's annualized ROCE % for the quarter that ended in Jun. 2020 was 0.00%.

Firestone Diamonds ROCE % Historical Data

The historical data trend for Firestone Diamonds'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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Firestone Diamonds ROCE % Chart

Firestone Diamonds Annual Data

Trend

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

ROCE %

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-5.25

-86.17

-5.41

-41.37

-118.98

Firestone Diamonds Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Jun20
ROCE %	Get a 7-Day Free Trial															-6.79	-2.90	-2.13	-84.68	-

Firestone Diamonds ROCE % Calculation

Firestone Diamonds's annualized ROCE % for the fiscal year that ended in Jun. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2020 )		(A: Jun. 2019 )		(A: Jun. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2020 )		(A: Jun. 2019 )		(A: Jun. 2020 )
	=	-10.32	/	( ( (77.691 - 18.506)	+	(50.786 - 92.624) )	/ 2 )
	=	-10.32	/	( (59.185	+	-41.838)	/ 2 )
	=	-10.32	/	8.6735
	=	-118.98 %

Firestone Diamonds's ROCE % of for the quarter that ended in Jun. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2020 )		(Q: Jun. 2019 )		(Q: Jun. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2020 )		(Q: Jun. 2019 )		(Q: Jun. 2020 )
	=	0	/	( ( (77.691 - 18.506)	+	(50.786 - 92.624) )	/ 2 )
	=	0	/	( ( 59.185	+	-41.838 )	/ 2 )
	=	0	/	8.6735
	=	0.00 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2020) EBIT data.

Firestone Diamonds (FRA:GYF1) 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.

Firestone Diamonds ROCE % Related Terms

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Firestone Diamonds (FRA:GYF1) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Firestone Diamonds PLC (FRA:GYF1) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

207 Brooklands Road, St Georges Business Park, Elder House, Weybridge, Weybridge, Surrey, GBR, KT13 0TS

Website

http://www.firestonediamonds.com

Firestone Diamonds PLC is a UK-based diamond company. The company is primarily involved in diamond mining, exploration, and development in southern Africa. It has three principal operating segments - Liqhobong Mine, BK11 Mine and corporate. Its flagship asset is the Liqhobong Diamond Mine in Lesotho, and the group also has a stake in the BK11 Mine in Botswana. Also, it owns land in Finland that contains known diamond-bearing kimberlites. Its goal is to become a mid-tier diamond producer yielding one million carats per annum.

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