Hummingbird Resources (LSE:HUM) ROCE % : -9.67% (As of Dec. 2023)

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What is Hummingbird 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. Hummingbird Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -9.67%.

Hummingbird Resources ROCE % Historical Data

The historical data trend for Hummingbird 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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Hummingbird Resources ROCE % Chart

Hummingbird Resources Annual Data

Trend

May14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.25

16.94

-3.40

-11.28

0.14

Hummingbird Resources Semi-Annual Data
	May14	Nov14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-6.17	-13.55	-9.83	10.43	-9.67

Hummingbird Resources ROCE % Calculation

Hummingbird 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 )
	=	0.353	/	( ( (363.214 - 115.85)	+	(474.092 - 204.225) )	/ 2 )
	=	0.353	/	( (247.364	+	269.867)	/ 2 )
	=	0.353	/	258.6155
	=	0.14 %

Hummingbird Resources's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-24.566	/	( ( (385.302 - 146.973)	+	(474.092 - 204.225) )	/ 2 )
	=	-24.566	/	( ( 238.329	+	269.867 )	/ 2 )
	=	-24.566	/	254.098
	=	-9.67 %

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

Hummingbird Resources (LSE:HUM) 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.

Hummingbird Resources ROCE % Related Terms

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Hummingbird Resources (LSE:HUM) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

HUMRF:USA HUM.GB:UK 2HM:Germany

Address

49-63 Spencer Street, Hockley, Birmingham, West Midlands, GBR, B18 6DE

Website

https://www.hummingbirdresources.co.uk

Hummingbird Resources PLC along with its subsidiaries explores, evaluates, and develops mineral projects principally gold, focused in West Africa. The company operates in Liberia, Guinea, and Mali. Its project portfolio includes Yanfolila Gold Project in Mali and Dugbe Gold Project in Liberia.