IMC Exploration Group (LSE:IMC) ROCE % : -7.78% (As of Jun. 2024)

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What is IMC Exploration Group 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. IMC Exploration Group's annualized ROCE % for the quarter that ended in Jun. 2024 was -7.78%.

IMC Exploration Group ROCE % Historical Data

The historical data trend for IMC Exploration Group'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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IMC Exploration Group ROCE % Chart

IMC Exploration Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-79.51

-92.00

-80.87

-78.70

-1.00

IMC Exploration Group Semi-Annual Data
	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial													-138.37	-5.33	-130.27	13.39	-7.78

IMC Exploration Group ROCE % Calculation

IMC Exploration Group'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 )
	=	-0.03	/	( ( (0.644 - 0.252)	+	(6.824 - 1.238) )	/ 2 )
	=	-0.03	/	( (0.392	+	5.586)	/ 2 )
	=	-0.03	/	2.989
	=	-1.00 %

IMC Exploration Group'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 )
	=	-0.408	/	( ( (6.171 - 1.275)	+	(6.824 - 1.238) )	/ 2 )
	=	-0.408	/	( ( 4.896	+	5.586 )	/ 2 )
	=	-0.408	/	5.241
	=	-7.78 %

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

IMC Exploration Group (LSE:IMC) 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.

IMC Exploration Group ROCE % Related Terms

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IMC Exploration Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » IMC Exploration Group PLC (LSE:IMC) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

70 Ballybough Road, Ballybough, Dublin, IRL, 3

Website

https://www.imcexploration.com

IMC Exploration Group PLC is engaged in the discovery of gold, silver and base metals in Ireland. The projects of the company include Avoca Mines and North Wexford gold project.

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