Highfield Resources (STU:23H) ROCE % : -3.69% (As of Jun. 2024)

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What is Highfield 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. Highfield Resources's annualized ROCE % for the quarter that ended in Jun. 2024 was -3.69%.

Highfield Resources ROCE % Historical Data

The historical data trend for Highfield 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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Highfield Resources ROCE % Chart

Highfield Resources Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.74

-17.29

-5.03

-3.98

-5.10

Highfield 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															-4.68	-3.60	-3.87	-5.81	-3.69

Highfield Resources ROCE % Calculation

Highfield Resources'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 )
	=	-5.176	/	( ( (107.069 - 12.847)	+	(125.161 - 16.441) )	/ 2 )
	=	-5.176	/	( (94.222	+	108.72)	/ 2 )
	=	-5.176	/	101.471
	=	-5.10 %

Highfield 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 )
	=	-3.578	/	( ( (125.161 - 16.441)	+	(125.523 - 40.569) )	/ 2 )
	=	-3.578	/	( ( 108.72	+	84.954 )	/ 2 )
	=	-3.578	/	96.837
	=	-3.69 %

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

Highfield Resources (STU:23H) 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.

Highfield Resources ROCE % Related Terms

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Highfield Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Highfield Resources Ltd (STU:23H) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

23H:Germany HFR:Australia

Address

169 Fullarton Road, Dulwich, SA, AUS, 5065

Website

https://www.highfieldresources.com.au

Highfield Resources Ltd is an Australia-based company engaged in mineral exploration. The group is organized into one main operating segment, which involves the development of potash mines in Spain. The company projects include Muga-Vipasca, Pintanos, and Sierra del Perdon potash projects. The operation of the firm functions throughout Australia.

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