East Star Resources (STU:5MM) ROCE % : -11.56% (As of Dec. 2023)

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What is East Star 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. East Star Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -11.56%.

East Star Resources ROCE % Historical Data

The historical data trend for East Star 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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East Star Resources ROCE % Chart

East Star Resources Annual Data

Trend

Nov21

Dec22

Dec23

ROCE %

-20.74

-51.54

-14.54

East Star Resources Semi-Annual Data
	May21	Nov21	May22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-32.00	-127.59	-	-16.32	-11.56

East Star Resources ROCE % Calculation

East Star 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 )
	=	-0.556	/	( ( (4.529 - 0.146)	+	(3.399 - 0.133) )	/ 2 )
	=	-0.556	/	( (4.383	+	3.266)	/ 2 )
	=	-0.556	/	3.8245
	=	-14.54 %

East Star 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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-0.424	/	( ( (4.154 - 0.082)	+	(3.399 - 0.133) )	/ 2 )
	=	-0.424	/	( ( 4.072	+	3.266 )	/ 2 )
	=	-0.424	/	3.669
	=	-11.56 %

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

East Star Resources (STU:5MM) 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.

East Star Resources ROCE % Related Terms

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East Star Resources (STU:5MM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » East Star Resources PLC (STU:5MM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EST:UK 5MM:Germany

Address

25 Eccleston Place, Eccleston Yards, London, GBR, SW1W 9NF

Website

https://www.eaststarplc.com

East Star Resources PLC is exploring gold, copper, and rare earths in Kazakhstan. The principal activity of the Company is of identifying potential companies, businesses or asset/(s) that have operations in the natural resources exploration, development, and production sector.

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