Manuka Resources (STU:6M0A) ROCE % : -46.63% (As of Dec. 2024)

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What is Manuka 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. Manuka Resources's annualized ROCE % for the quarter that ended in Dec. 2024 was -46.63%.

Manuka Resources ROCE % Historical Data

The historical data trend for Manuka 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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Manuka Resources ROCE % Chart

Manuka Resources Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

ROCE %

-18.04

37.79

-88.30

-40.82

Manuka Resources Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial					-79.25	-61.82	-37.39	-53.67	-46.63

Manuka Resources ROCE % Calculation

Manuka Resources's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-6.73	/	( ( (38.101 - 20.704)	+	(37.714 - 22.14) )	/ 2 )
	=	-6.73	/	( (17.397	+	15.574)	/ 2 )
	=	-6.73	/	16.4855
	=	-40.82 %

Manuka Resources's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	-5.976	/	( ( (37.714 - 22.14)	+	(37.038 - 26.979) )	/ 2 )
	=	-5.976	/	( ( 15.574	+	10.059 )	/ 2 )
	=	-5.976	/	12.8165
	=	-46.63 %

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

Manuka Resources (STU:6M0A) 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.

Manuka Resources ROCE % Related Terms

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Manuka Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Manuka Resources Ltd (STU:6M0A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

6M0A:Germany MKR:Australia

Address

201 Kent Street, Level 4, Grafton Bond Building, Sydney, NSW, AUS, 2000

Website

https://www.manukaresources.com.au

Manuka Resources Ltd is a mineral resource company. The company's operating segment includes Exploration in Australia, Exploration in New Zealand and Operations. It generates maximum revenue from the Operations segment. The Operations segment engages in the appraisal, development, and processing of gold and silver deposits.

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