Hamak Gold (LSE:HAMA) ROCE % : -37.61% (As of Jun. 2024)

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What is Hamak Gold 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. Hamak Gold's annualized ROCE % for the quarter that ended in Jun. 2024 was -37.61%.

Hamak Gold ROCE % Historical Data

The historical data trend for Hamak Gold'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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Hamak Gold ROCE % Chart

Hamak Gold Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-763.64

-50.90

Hamak Gold Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	-143.76	-204.66	-39.48	-57.72	-37.61

Hamak Gold ROCE % Calculation

Hamak Gold'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 )
	=	-0.55	/	( ( (1.274 - 0.337)	+	(1.584 - 0.36) )	/ 2 )
	=	-0.55	/	( (0.937	+	1.224)	/ 2 )
	=	-0.55	/	1.0805
	=	-50.90 %

Hamak Gold'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 )
	=	-0.482	/	( ( (1.584 - 0.36)	+	(1.71 - 0.371) )	/ 2 )
	=	-0.482	/	( ( 1.224	+	1.339 )	/ 2 )
	=	-0.482	/	1.2815
	=	-37.61 %

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

Hamak Gold (LSE:HAMA) 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.

Hamak Gold ROCE % Related Terms

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Hamak Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hamak Gold Ltd (LSE:HAMA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pasea Estate, P.O. Box 958, Road Town, Morgan & Morgan Building, Tortola, VGB, VG1110

Website

https://www.hamakgold.com

Hamak Gold Ltd is a mining exploration and development company operating in Liberia, with two gold Mineral Exploration Licences that cover an area of 1,752 sq. km. Liberia is considered prospective for gold and is a geologically similar jurisdiction to the neighboring gold-producing countries such as Guinea, Cote d'Ivoire, Mali, Senegal, Burkina Faso, and Ghana.

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