IGO (IPGDF) ROCE % : -57.87% (As of Dec. 2024)

View and export this data going back to 2013. Start your Free Trial

What is IGO 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. IGO's annualized ROCE % for the quarter that ended in Dec. 2024 was -57.87%.

IGO ROCE % Historical Data

The historical data trend for IGO'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.

IGO ROCE % Chart

IGO Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

Get a 7-Day Free Trial

10.47

6.82

11.60

16.12

-1.98

IGO Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															29.11	2.02	12.26	-17.89	-57.87

IGO ROCE % Calculation

IGO's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-51.394	/	( ( (3179.799 - 275.168)	+	(2368.393 - 86.122) )	/ 2 )
	=	-51.394	/	( (2904.631	+	2282.271)	/ 2 )
	=	-51.394	/	2593.451
	=	-1.98 %

IGO's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	-1100.19	/	( ( (2368.393 - 86.122)	+	(1573.148 - 52.818) )	/ 2 )
	=	-1100.19	/	( ( 2282.271	+	1520.33 )	/ 2 )
	=	-1100.19	/	1901.3005
	=	-57.87 %

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

IGO (OTCPK:IPGDF) 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.

IGO ROCE % Related Terms

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

IGO Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » IGO Ltd (OTCPK:IPGDF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

IIDDY:USA IDZ:Germany IGO:Australia

Address

85 South Perth Esplanade, Suite 4, Level 5, South Shore Centre, South Perth, Perth, WA, AUS, 6151

Website

https://www.igo.com.au

IGO is a mining and exploration company based in Western Australia. Its primary asset is a minority stake in the Greenbushes lithium mine through a joint venture with Tianqi Lithium Corporation and Albemarle. Greenbushes is the world's highest-quality hard rock lithium resource. IGO also has interest in downstream processing through a 49% stake in the Kwinana lithium hydroxide refinery. Outside of lithium, IGO owns and operates the Nova nickel-copper-cobalt mine, which has a short remaining life.