Dragon Mining (HKSE:01712) ROCE % : 6.14% (As of Jun. 2024)

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What is Dragon Mining 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. Dragon Mining's annualized ROCE % for the quarter that ended in Jun. 2024 was 6.14%.

Dragon Mining ROCE % Historical Data

The historical data trend for Dragon Mining'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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Dragon Mining ROCE % Chart

Dragon Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.35

15.26

4.89

5.27

8.05

Dragon Mining Semi-Annual Data
	Jun12	Jun13	Jun14	Jun15	Jun16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															9.62	1.08	1.44	14.70	6.14

Dragon Mining ROCE % Calculation

Dragon Mining'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 )
	=	39.384	/	( ( (550.956 - 74.387)	+	(566.211 - 63.848) )	/ 2 )
	=	39.384	/	( (476.569	+	502.363)	/ 2 )
	=	39.384	/	489.466
	=	8.05 %

Dragon Mining'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 )
	=	30.638	/	( ( (566.211 - 63.848)	+	(542.287 - 47.083) )	/ 2 )
	=	30.638	/	( ( 502.363	+	495.204 )	/ 2 )
	=	30.638	/	498.7835
	=	6.14 %

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

Dragon Mining (HKSE:01712) 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.

Dragon Mining ROCE % Related Terms

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Dragon Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Dragon Mining Ltd (HKSE:01712) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

39 Mends Street, Unit 202, Level 2, South Perth, Perth, WA, AUS, 6151

Website

https://www.dragonmining.com

Dragon Mining Ltd is principally engaged in gold exploration, mining, and processing in the Nordic region. The company's operating segments are Sweden and Finland. Dragon Mining (Sweden) AB produces gold bullion from the Svartliden Production Centre and processed ore from test-mining activities at the Faboliden Gold Mine. Dragon Mining Oy in Finland produces gold concentrate from the Vammala Production Centre and processed ore from the Jokisivu, Kaapelinkulma, and Orivesi Gold Mines. It operates in Sweden and England, out of which it derives maximum revenue from Sweden.

Executives

Allied Group Limited
Lee Seng Hui
Lee Seng Huang
Lee Su Hwei
Apac Resources Limited
Sincere View International Limited	2101 Beneficial owner
Hon Kwok Lung	2201 Interest of corporation controlled by you
Lam Suk Ying	2202 Interest of your spouse
Allied Properties (h.k.) Limited	2201 Interest of corporation controlled by you
Sincere View International Ltd.	2101 Beneficial owner
Allied Properties Overseas Limited
Allied Properties Resources Limited
Minty Hongkong Limited

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