Ten Sixty Four (Ten Sixty Four) ROCE % : 19.45% (As of Dec. 2022)

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What is Ten Sixty Four 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. Ten Sixty Four's annualized ROCE % for the quarter that ended in Dec. 2022 was 19.45%.

Ten Sixty Four ROCE % Historical Data

The historical data trend for Ten Sixty Four'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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Ten Sixty Four ROCE % Chart

Ten Sixty Four Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

ROCE %

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-3.79

20.91

19.04

15.74

-5.58

Ten Sixty Four Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
ROCE %	Get a 7-Day Free Trial															46.40	-13.83	12.64	-23.16	19.45

Ten Sixty Four ROCE % Calculation

Ten Sixty Four's annualized ROCE % for the fiscal year that ended in Jun. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	-11.437	/	( ( (216.529 - 16.539)	+	(228.119 - 17.974) )	/ 2 )
	=	-11.437	/	( (199.99	+	210.145)	/ 2 )
	=	-11.437	/	205.0675
	=	-5.58 %

Ten Sixty Four's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	43.054	/	( ( (228.119 - 17.974)	+	(246.793 - 14.183) )	/ 2 )
	=	43.054	/	( ( 210.145	+	232.61 )	/ 2 )
	=	43.054	/	221.3775
	=	19.45 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2022) EBIT data.

Ten Sixty Four (OTCPK:MDSMF) 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.

Ten Sixty Four ROCE % Related Terms

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Ten Sixty Four (Ten Sixty Four) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ten Sixty Four Ltd (OTCPK:MDSMF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1209 Hay Street, Suite 3, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.x64.gold

Ten Sixty Four Ltd is an Australian based gold producer company. It is engaged in the mineral exploration, evaluation, development, and production of properties. The company's segments include Mining, Exploration, and Other. The Mining segment generates all of its revenues. Its projects include the Co-O mine, Philippines exploration, and Queensland projects. It derives revenue from the sale of gold and silver. Its geographical segments include Australia, the Philippines, and Hong Kong, of which all of the revenues are generated from Hong Kong.