Okmin Resources (Okmin Resources) ROCE % : -50.54% (As of Dec. 2023)

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What is Okmin 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. Okmin Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -50.54%.

Okmin Resources ROCE % Historical Data

The historical data trend for Okmin 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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Okmin Resources ROCE % Chart

Okmin Resources Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

-37.96

-65.60

Okmin Resources Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial							-67.90	-60.67	-47.49	-59.95	-50.54

Okmin Resources ROCE % Calculation

Okmin Resources's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-0.531	/	( ( (0.9 - 0.055)	+	(0.916 - 0.142) )	/ 2 )
	=	-0.531	/	( (0.845	+	0.774)	/ 2 )
	=	-0.531	/	0.8095
	=	-65.60 %

Okmin Resources's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-0.372	/	( ( (0.93 - 0.156)	+	(0.899 - 0.201) )	/ 2 )
	=	-0.372	/	( ( 0.774	+	0.698 )	/ 2 )
	=	-0.372	/	0.736
	=	-50.54 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Okmin Resources (OTCPK:OKMN) 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.

Okmin Resources ROCE % Related Terms

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Okmin Resources (Okmin Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Okmin Resources Inc (OTCPK:OKMN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

16501 Ventura Boulevard, Suite 400, Encino, Los Angeles, CA, USA, 91436

Website

https://www.okminresources.com

Okmin Resources Inc is a natural resource exploration stage company that seeks to acquire, explore, and develop natural resource assets. It engages in the business of the acquisition, exploration, and development of mineral rights and natural resource assets. The company's projects are located in Oklahoma and Kansas. Its projects comprise Vitt Project Kansas; West Sheppard Pool Field in North East Oklahoma; and Pushmataha in South East Oklahoma.

Executives

Roy Mansano	10 percent owner	5343 OSTROM AVE., ENCINO CA 91316
Thomas Lapinski	director	16501 VENTURA BLVD., SUITE 400, ENCINO CA 91436
Jonathan Herzog	director, 10 percent owner, officer: President and CEO	16501 VENTURA BLVD., SUITE 400, ENCINO CA 91436

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