Hillgrove Resources (Hillgrove Resources) ROCE % : -9.42% (As of Jun. 2023)

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What is Hillgrove 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. Hillgrove Resources's annualized ROCE % for the quarter that ended in Jun. 2023 was -9.42%.

Hillgrove Resources ROCE % Historical Data

The historical data trend for Hillgrove 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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Hillgrove Resources ROCE % Chart

Hillgrove Resources Annual Data

Trend

Jan14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-11.83

-22.66

-13.16

-8.91

-23.32

Hillgrove Resources Semi-Annual Data
	Jan14	Jul14	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															-11.83	-11.04	-7.92	-9.42	-28.94

Hillgrove Resources ROCE % Calculation

Hillgrove Resources'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 )
	=	-10.033	/	( ( (35.694 - 1.439)	+	(67.641 - 15.854) )	/ 2 )
	=	-10.033	/	( (34.255	+	51.787)	/ 2 )
	=	-10.033	/	43.021
	=	-23.32 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-4.306	/	( ( (35.694 - 1.439)	+	(61.599 - 4.403) )	/ 2 )
	=	-4.306	/	( ( 34.255	+	57.196 )	/ 2 )
	=	-4.306	/	45.7255
	=	-9.42 %

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

Hillgrove Resources (OTCPK:HLGVF) 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.

Hillgrove Resources ROCE % Related Terms

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Hillgrove Resources (Hillgrove Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hillgrove Resources Ltd (OTCPK:HLGVF) » Definitions » ROCE %

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HGO:Australia

Address

5-7 King William Road, P.O. Box 372, Ground Floor, Unley, SA, AUS, 5061

Website

https://www.hillgroveresources.com.au

Hillgrove Resources Ltd is a mineral exploration company. It is focused on developing the Kanmantoo Copper Gold Mine which is located in the Adelaide Hills region of South Australia.

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