Maximus Resources (FRA:M5F) ROCE % : -6.61% (As of Dec. 2023)

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What is Maximus 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. Maximus Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.61%.

Maximus Resources ROCE % Historical Data

The historical data trend for Maximus 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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Maximus Resources ROCE % Chart

Maximus Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-17.60

-31.87

-19.16

-8.86

-5.98

Maximus Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-5.57	-8.38	-7.08	-5.09	-6.61

Maximus Resources ROCE % Calculation

Maximus Resources's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-0.659	/	( ( (11.916 - 0.222)	+	(10.808 - 0.452) )	/ 2 )
	=	-0.659	/	( (11.694	+	10.356)	/ 2 )
	=	-0.659	/	11.025
	=	-5.98 %

Maximus Resources's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-0.672	/	( ( (10.808 - 0.452)	+	(10.406 - 0.439) )	/ 2 )
	=	-0.672	/	( ( 10.356	+	9.967 )	/ 2 )
	=	-0.672	/	10.1615
	=	-6.61 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Maximus Resources (FRA:M5F) 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.

Maximus Resources ROCE % Related Terms

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Maximus Resources (FRA:M5F) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Maximus Resources Ltd (FRA:M5F) » Definitions » ROCE %

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MXR:Australia

Address

198 Greenhill Road, Suite 12, Eastwood, SA, AUS, 5063

Website

http://www.maximusresources.com

Maximus Resources Ltd explores and develops natural resource properties in Australia. It explores for gold, copper, nickel, and platinum group element deposits. The company holds interests in the Spargoville project in the south of the regional mining center of Kalgoorlie; and Bird in Hand project in the east of the Adelaide Hills township of Woodside. The company's projects include Wattle Dam, Redback Prospect, Larkinville and Eagles Nest.

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