New Murchison Gold (FRA:TJ30) ROCE % : -23.70% (As of Sep. 2024)

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What is New Murchison Gold 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. New Murchison Gold's annualized ROCE % for the quarter that ended in Sep. 2024 was -23.70%.

New Murchison Gold ROCE % Historical Data

The historical data trend for New Murchison Gold'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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New Murchison Gold ROCE % Chart

New Murchison Gold Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

ROCE %

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-325.35

-268.17

-80.94

-30.68

New Murchison Gold Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															-1,472.25	-109.28	-64.20	-42.92	-23.70

New Murchison Gold ROCE % Calculation

New Murchison Gold's annualized ROCE % for the fiscal year that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	-1.752	/	( ( (4.282 - 1.225)	+	(8.999 - 0.635) )	/ 2 )
	=	-1.752	/	( (3.057	+	8.364)	/ 2 )
	=	-1.752	/	5.7105
	=	-30.68 %

New Murchison Gold's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	-1.644	/	( ( (5.88 - 0.373)	+	(8.999 - 0.635) )	/ 2 )
	=	-1.644	/	( ( 5.507	+	8.364 )	/ 2 )
	=	-1.644	/	6.9355
	=	-23.70 %

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

New Murchison Gold (FRA:TJ30) 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.

New Murchison Gold ROCE % Related Terms

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New Murchison Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Murchison Gold Ltd (FRA:TJ30) » Definitions » ROCE %

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NMG:Australia

Address

5 Ord Street, Level 2, Suite 8, West Perth, WA, AUS, 6005

Website

https://www.newmurchgold.com.au

New Murchison Gold Ltd Formerly Ora Gold Ltd is engaged in the mineral exploration industry in Australia. The company projects include Garden Gully; Red Bore and Keller Creek in Western Australia. The Garden Gully Gold Project represents an excellent opportunity for the discovery of a new gold camp in a region that has an established track record of hosting such occurrences.

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