Endomines Finland Oyj (FRA:H13) ROCE % : 2.39% (As of Jun. 2024)

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What is Endomines Finland Oyj 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. Endomines Finland Oyj's annualized ROCE % for the quarter that ended in Jun. 2024 was 2.39%.

Endomines Finland Oyj ROCE % Historical Data

The historical data trend for Endomines Finland Oyj'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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Endomines Finland Oyj ROCE % Chart

Endomines Finland Oyj Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-55.67

-35.15

-7.65

Endomines Finland Oyj Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			-39.30	-29.52	-1.67	-13.77	2.39

Endomines Finland Oyj ROCE % Calculation

Endomines Finland Oyj's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-3.8	/	( ( (55 - 6.9)	+	(58.9 - 7.7) )	/ 2 )
	=	-3.8	/	( (48.1	+	51.2)	/ 2 )
	=	-3.8	/	49.65
	=	-7.65 %

Endomines Finland Oyj's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	1.2	/	( ( (58.9 - 7.7)	+	(64.5 - 15.4) )	/ 2 )
	=	1.2	/	( ( 51.2	+	49.1 )	/ 2 )
	=	1.2	/	50.15
	=	2.39 %

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

Endomines Finland Oyj (FRA:H13) 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.

Endomines Finland Oyj ROCE % Related Terms

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Endomines Finland Oyj Business Description

Industry

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Traded in Other Exchanges

PAMPALO:Finland

Address

Ahventie 4 A, Espoo, FIN, 02170

Website

https://www.endomines.com

Endomines Finland Oyj is a mining and exploration company with a primary focus on gold. It is engaged in mining operations at the Pampalo mine in Ilomantsi, and in exploration activities along the Karelian Gold Line in Eastern Finland. It also owns the rights to seven gold deposits in the United States. The company's reportable operating segments are; Pampalo production, Karelian gold line, and USA operations. The Pampalo production segment which generates key revenue for the company consists of the operations of the underground mine and open pit, the operations of the concentrator, and the sale of gold concentrate.

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