Unicorn Mineral Resources (LSE:UMR) ROCE % : -106.43% (As of Sep. 2024)

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What is Unicorn Mineral 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. Unicorn Mineral Resources's annualized ROCE % for the quarter that ended in Sep. 2024 was -106.43%.

Unicorn Mineral Resources ROCE % Historical Data

The historical data trend for Unicorn Mineral 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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Unicorn Mineral Resources ROCE % Chart

Unicorn Mineral Resources Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

-10.19

-6.17

-199.54

-150.70

-95.88

Unicorn Mineral Resources Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial				-378.29	-263.87	-151.67	-133.14	-106.43

Unicorn Mineral Resources ROCE % Calculation

Unicorn Mineral Resources's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-0.431	/	( ( (0.676 - 0.3)	+	(0.939 - 0.416) )	/ 2 )
	=	-0.431	/	( (0.376	+	0.523)	/ 2 )
	=	-0.431	/	0.4495
	=	-95.88 %

Unicorn Mineral Resources's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	-0.422	/	( ( (0.939 - 0.416)	+	(0.705 - 0.435) )	/ 2 )
	=	-0.422	/	( ( 0.523	+	0.27 )	/ 2 )
	=	-0.422	/	0.3965
	=	-106.43 %

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

Unicorn Mineral Resources (LSE:UMR) 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.

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Unicorn Mineral Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

20/21 St Patrick’s Road, 39 Castleyard, Dalkey, Dublin, IRL

Website

http://www.unicornmineralresources.com

Unicorn Mineral Resources PLC is a mineral exploration company. The company focuses on Copper, Lead, Zinc, and Silver mineral deposits in the Irish Midlands Orefield. It has interests in areas such as Kilmallock Property and the Lisheen Property.

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