Guardian Metal Resources (LSE:GMET) ROCE % : -15.77% (As of Jun. 2024)

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What is Guardian Metal 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. Guardian Metal Resources's annualized ROCE % for the quarter that ended in Jun. 2024 was -15.77%.

Guardian Metal Resources ROCE % Historical Data

The historical data trend for Guardian Metal 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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Guardian Metal Resources ROCE % Chart

Guardian Metal Resources Annual Data

Trend

Jun22

Jun23

Jun24

ROCE %

-10.27

-13.22

Guardian Metal Resources Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			-	-2.33	-18.52	-12.88	-15.77

Guardian Metal Resources ROCE % Calculation

Guardian Metal Resources'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 )
	=	-1.082	/	( ( (7.487 - 0.328)	+	(9.864 - 0.649) )	/ 2 )
	=	-1.082	/	( (7.159	+	9.215)	/ 2 )
	=	-1.082	/	8.187
	=	-13.22 %

Guardian Metal 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 )
	=	-1.266	/	( ( (7.033 - 0.189)	+	(9.864 - 0.649) )	/ 2 )
	=	-1.266	/	( ( 6.844	+	9.215 )	/ 2 )
	=	-1.266	/	8.0295
	=	-15.77 %

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

Guardian Metal Resources (LSE:GMET) 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.

Guardian Metal Resources ROCE % Related Terms

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Guardian Metal Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

GMTLF:USA

Address

Salisbury House, London Wall, London, GBR, EC2M 5PS

Website

https://www.guardianmetalresources.com

Guardian Metal Resources PLC is a metals exploration Company which is focused exclusively within the mining friendly jurisdiction of Nevada. The Company is the parent company of Golden Metals Resources LLC, as well as Pilot Metals Inc. and BFM Resources Inc., all of which are U.S. based, set up for the purpose of holding mineral claims in the state of Nevada. Its project include Pilot Mountain Project, Kibby Basin Project, Golconda Summit Project, Garfield Project and Stonewall Project.

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