Shuka Minerals (LSE:SKA) ROCE % : -17.68% (As of Jun. 2024)

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What is Shuka Minerals 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. Shuka Minerals's annualized ROCE % for the quarter that ended in Jun. 2024 was -17.68%.

Shuka Minerals ROCE % Historical Data

The historical data trend for Shuka Minerals'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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Shuka Minerals ROCE % Chart

Shuka Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-26.84

-20.66

-23.16

-25.59

-25.79

Shuka Minerals Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-23.26	-27.61	-23.60	-29.98	-17.68

Shuka Minerals ROCE % Calculation

Shuka Minerals'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 )
	=	-1.665	/	( ( (6.968 - 0.432)	+	(6.927 - 0.55) )	/ 2 )
	=	-1.665	/	( (6.536	+	6.377)	/ 2 )
	=	-1.665	/	6.4565
	=	-25.79 %

Shuka Minerals'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 )
	=	-1.082	/	( ( (6.927 - 0.55)	+	(6.44 - 0.575) )	/ 2 )
	=	-1.082	/	( ( 6.377	+	5.865 )	/ 2 )
	=	-1.082	/	6.121
	=	-17.68 %

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

Shuka Minerals (LSE:SKA) 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.

Shuka Minerals ROCE % Related Terms

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Shuka Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Shuka Minerals PLC (LSE:SKA) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Off State House Road 4th Floor, Vienna Court, State House Crescent, West Wing, Nairobi, KEN

Website

https://www.shukaminerals.com

Shuka Minerals PLC is a dynamic and inventive mining and development company, driven by a passionate commitment to exploring and harnessing Africa's vast mineral resources. The company's unwavering focus is on acquiring and developing valuable minerals across the continent with the aim of significantly contributing to the sustainable growth and development of local communities. Shuka Minerals is embarking on an exciting journey of discovery and development in Tanzania, Zambia, South Africa, and other African countries rich in copper, lead, and zinc deposits.

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