Gem Resources (LSE:GEMR) ROCE % : -48.93% (As of Jun. 2024)

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What is Gem 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. Gem Resources's annualized ROCE % for the quarter that ended in Jun. 2024 was -48.93%.

Gem Resources ROCE % Historical Data

The historical data trend for Gem 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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Gem Resources ROCE % Chart

Gem Resources Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Dec21

Dec22

Dec23

ROCE %

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-79.06

-43.93

-163.74

-161.43

-66.44

Gem Resources Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Jun19	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-145.76	-148.19	-59.26	-86.37	-48.93

Gem Resources ROCE % Calculation

Gem 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 )
	=	-1.166	/	( ( (1.395 - 0.132)	+	(2.601 - 0.354) )	/ 2 )
	=	-1.166	/	( (1.263	+	2.247)	/ 2 )
	=	-1.166	/	1.755
	=	-66.44 %

Gem Resources'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 )
	=	-1.07	/	( ( (2.601 - 0.354)	+	(2.64 - 0.513) )	/ 2 )
	=	-1.07	/	( ( 2.247	+	2.127 )	/ 2 )
	=	-1.07	/	2.187
	=	-48.93 %

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

Gem Resources (LSE:GEMR) 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.

Gem Resources ROCE % Related Terms

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Gem Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gem Resources PLC (LSE:GEMR) » Definitions » ROCE %

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Address

107 Cheapside, 9th Floor, London, GBR, EC2V 6DN

Website

https://www.gemresources.co.uk

Gem Resources PLC is an emerald producer, focusing on the Gravelotte Emerald Mine (GEM). The company recently acquired the Curlew Emerald Mine in Australia, further expanding its emerald mining operations and assets.

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