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Green Minerals AS (OSL:GEM) ROCE % : -195.66% (As of Jun. 2024)


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What is Green Minerals AS 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. Green Minerals AS's annualized ROCE % for the quarter that ended in Jun. 2024 was -195.66%.

Green Minerals AS ROCE % Historical Data

The historical data trend for Green Minerals AS'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.

* Premium members only.

Green Minerals AS ROCE % Chart

Green Minerals AS Annual Data
Trend Dec20 Dec21 Dec22 Dec23
ROCE %
- -44.25 -55.86 -67.95

Green Minerals AS Quarterly Data
Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -99.98 97.83 -292.53 -74.32 -195.66

Green Minerals AS ROCE % Calculation

Green Minerals AS'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 )
=-10.919/( ( (21.998 - 1.314) + (12.671 - 1.215) )/ 2 )
=-10.919/( (20.684+11.456)/ 2 )
=-10.919/16.07
=-67.95 %

Green Minerals AS'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: Mar. 2024 )(Q: Jun. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=-14.964/( ( (10.766 - 1.674) + (8.045 - 1.841) )/ 2 )
=-14.964/( ( 9.092 + 6.204 )/ 2 )
=-14.964/7.648
=-195.66 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

* 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.

Green Minerals AS  (OSL:GEM) 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.

Green Minerals AS ROCE % Related Terms

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Green Minerals AS Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Green Minerals AS (OSL:GEM) » Definitions » ROCE %
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Traded in Other Exchanges
5IP:Germany
Address
Nedre Slottsgate 8, Oslo, NOR, 0157
Website
https://www.greenminerals.no
Green Minerals AS is a pioneer in marine minerals. It aims to win licenses to survey, explore and produce marine minerals on the Norwegian Continental Shelf.