MALRF (Mineral Resources) ROCE % : -6.16% (As of Jun. 2024)

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What is 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. Mineral Resources's annualized ROCE % for the quarter that ended in Jun. 2024 was -6.16%.

Mineral Resources ROCE % Historical Data

The historical data trend for 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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Mineral Resources ROCE % Chart

Mineral Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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47.43

45.75

9.88

8.12

4.11

Mineral Resources 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															17.74	19.74	-3.38	15.73	-6.16

Mineral Resources ROCE % Calculation

Mineral Resources'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 )
	=	231.74	/	( ( (5634.362 - 841.879)	+	(8122.178 - 1634.794) )	/ 2 )
	=	231.74	/	( (4792.483	+	6487.384)	/ 2 )
	=	231.74	/	5639.9335
	=	4.11 %

Mineral Resources'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 )
	=	-388.314	/	( ( (7331.794 - 1210.509)	+	(8122.178 - 1634.794) )	/ 2 )
	=	-388.314	/	( ( 6121.285	+	6487.384 )	/ 2 )
	=	-388.314	/	6304.3345
	=	-6.16 %

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

Mineral Resources (OTCPK:MALRF) 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.

Mineral Resources ROCE % Related Terms

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Mineral Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mineral Resources Ltd (OTCPK:MALRF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MALRY:USA F5J:Germany MIN:Australia

Address

20 Walters Drive, Osborne Park, Perth, WA, AUS, 6017

Website

https://www.mineralresources.com.au

Mineral Resources listed on the ASX in 2006 following the merger of three mining services businesses. The subsidiary companies were previously owned by managing director Chris Ellison, who remains a large shareholder despite selling down. Operations include iron ore and lithium mining, iron ore crushing and screening services for third parties, and engineering and construction for mining companies. Mining and contracting activity is focused in Western Australia.