Hastings Technology Metals (HAM:5AM) ROCE % : 1.48% (As of Dec. 2023)

View and export this data going back to 2014. Start your Free Trial

What is Hastings Technology Metals 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. Hastings Technology Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.48%.

Hastings Technology Metals ROCE % Historical Data

The historical data trend for Hastings Technology Metals'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.

* Premium members only.

Hastings Technology Metals ROCE % Chart

Hastings Technology Metals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

Get a 7-Day Free Trial

-6.34

-4.00

-3.84

-3.77

2.61

Hastings Technology Metals 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															-4.63	-3.46	0.35	3.94	1.48

Hastings Technology Metals ROCE % Calculation

Hastings Technology Metals'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 )
	=	6.161	/	( ( (198.333 - 8.268)	+	(305.657 - 23.081) )	/ 2 )
	=	6.161	/	( (190.065	+	282.576)	/ 2 )
	=	6.161	/	236.3205
	=	2.61 %

Hastings Technology Metals'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 )
	=	4.124	/	( ( (305.657 - 23.081)	+	(285.822 - 10.972) )	/ 2 )
	=	4.124	/	( ( 282.576	+	274.85 )	/ 2 )
	=	4.124	/	278.713
	=	1.48 %

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

Hastings Technology Metals (HAM:5AM) 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.

Hastings Technology Metals ROCE % Related Terms

Thank you for viewing the detailed overview of Hastings Technology Metals's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Hastings Technology Metals (HAM:5AM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hastings Technology Metals Ltd (HAM:5AM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HSRMF:USA 5AM:Germany HAS:Australia

Address

197 St Georges Terrace, Level 6, Perth, WA, AUS, 6000

Website

https://www.hastingstechmetals.com

Hastings Technology Metals Ltd engages in the exploration of rare earth metals and natural resources. It holds interests in the Yangibana rare earth project located in the Gascoyne region of Western Australia covering an area of approximately 650 square kilometres; and the Brockman project located in the East Kimberley region of Western Australia which comprises resources of the rare metals zircon, niobium and tantalum, and the heavy rare earth yttrium.

Hastings Technology Metals (HAM:5AM) Headlines

No Headlines