Waratah Minerals (STU:0FS0) ROCE % : -19.41% (As of Jun. 2023)

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What is Waratah Minerals 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. Waratah Minerals's annualized ROCE % for the quarter that ended in Jun. 2023 was -19.41%.

Waratah Minerals ROCE % Historical Data

The historical data trend for Waratah Minerals'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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Waratah Minerals ROCE % Chart

Waratah Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-136.38

-42.75

-32.18

-24.58

-17.27

Waratah Minerals Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-40.60	-38.28	-14.99	-19.41	-15.72

Waratah Minerals ROCE % Calculation

Waratah Minerals'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 )
	=	-2.545	/	( ( (14.98 - 0.287)	+	(15.011 - 0.23) )	/ 2 )
	=	-2.545	/	( (14.693	+	14.781)	/ 2 )
	=	-2.545	/	14.737
	=	-17.27 %

Waratah Minerals's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-2.824	/	( ( (14.98 - 0.287)	+	(14.954 - 0.55) )	/ 2 )
	=	-2.824	/	( ( 14.693	+	14.404 )	/ 2 )
	=	-2.824	/	14.5485
	=	-19.41 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Waratah Minerals (STU:0FS0) 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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Waratah Minerals (STU:0FS0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Waratah Minerals Ltd (STU:0FS0) » Definitions » ROCE %

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BTRYF:USA WTM:Australia

Address

72 Kings Park Road, Ground Floor, West Perth, WA, AUS, 6005

Website

https://www.batteryminerals.com

Battery Minerals Ltd engages in the exploration of mineral properties. The company has two reportable segments which are Mozambique which comprises mineral exploration and evaluation and mine development activities, and Australia which comprises mineral exploration and evaluation, investing activities, and corporate management. The company has various projects including the Stavely-Stawell project, the Azura project in Australia, the Montepuez Graphite project, and the Balama Central project in Mozambique.

Waratah Minerals (STU:0FS0) Headlines

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