Harvest Minerals (Harvest Minerals) ROCE % : -29.19% (As of Jun. 2023)

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What is Harvest Minerals 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. Harvest Minerals's annualized ROCE % for the quarter that ended in Jun. 2023 was -29.19%.

Harvest Minerals ROCE % Historical Data

The historical data trend for Harvest Minerals'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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Harvest Minerals ROCE % Chart

Harvest Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Dec20

Dec21

Dec22

ROCE %

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-19.13

-15.57

-21.07

-36.67

6.29

Harvest Minerals Semi-Annual Data
	Jun14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial													-16.61	-54.74	-17.32	27.78	-29.19

Harvest Minerals ROCE % Calculation

Harvest Minerals's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	0.416	/	( ( (6.594 - 0.236)	+	(7.253 - 0.383) )	/ 2 )
	=	0.416	/	( (6.358	+	6.87)	/ 2 )
	=	0.416	/	6.614
	=	6.29 %

Harvest Minerals'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 )
	=	-2.052	/	( ( (7.253 - 0.383)	+	(7.891 - 0.702) )	/ 2 )
	=	-2.052	/	( ( 6.87	+	7.189 )	/ 2 )
	=	-2.052	/	7.0295
	=	-29.19 %

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

Harvest Minerals (OTCPK:HMIFF) 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.

Harvest Minerals ROCE % Related Terms

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Harvest Minerals (Harvest Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Harvest Minerals Ltd (OTCPK:HMIFF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HMI:UK 7HM:Germany

Address

22 Lindsay Street, Perth, WA, AUS, 6000

Website

https://www.harvestminerals.net

Harvest Minerals Ltd operates as a mineral exploration company in Brazil. It explores phosphate and potash fertilizers. The Group has four principal fertilizer projects - the Sergi Potash Project, the Capela Potash Project, the Arapua Fertilizer Project, and the Mandacaru Phosphate Project. It has two geographical segments: Australia and Brazil, of which the majority of the revenue comes from Brazil.

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