Lindian Resources (HAM:VP6) ROCE % : -9.41% (As of Dec. 2023)

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What is Lindian 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. Lindian Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -9.41%.

Lindian Resources ROCE % Historical Data

The historical data trend for Lindian 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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Lindian Resources ROCE % Chart

Lindian Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-848.60

-114.34

-41.15

-19.76

-22.84

Lindian 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															-20.95	-21.69	-34.66	-10.98	-9.41

Lindian Resources ROCE % Calculation

Lindian 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 )
	=	-3.955	/	( ( (4.981 - 0.151)	+	(39.829 - 10.033) )	/ 2 )
	=	-3.955	/	( (4.83	+	29.796)	/ 2 )
	=	-3.955	/	17.313
	=	-22.84 %

Lindian 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 )
	=	-3.746	/	( ( (39.829 - 10.033)	+	(50.268 - 0.451) )	/ 2 )
	=	-3.746	/	( ( 29.796	+	49.817 )	/ 2 )
	=	-3.746	/	39.8065
	=	-9.41 %

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

Lindian Resources (HAM:VP6) 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.

Lindian Resources ROCE % Related Terms

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Lindian Resources (HAM:VP6) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lindian Resources Ltd (HAM:VP6) » Definitions » ROCE %

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LINIF:USA LIN:Australia

Address

108 St Georges Terrace, Level 24, Perth, WA, AUS, 6000

Website

https://www.lindianresources.com.au

Lindian Resources Ltd is an Australia-based mineral exploration company with projects located in Tanzania. Its projects are located near Lake Victoria Goldfield and the Lindian's bauxite project of Tanzania, Gaoual Bauxite Project, the Woula Bauxite Project and the Lelouma Project. The company is focused on the exploration and drilling program at Uyowa project. The Lindian Tanzanian bauxite portfolio consists of two bauxite projects - Lushoto and Pare. Geographically it operates in Tanzania; Guinea; Malawi and Australia.

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