Latrobe Magnesium (STU:L2Q) ROCE % : -4.33% (As of Dec. 2024)

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What is Latrobe Magnesium 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. Latrobe Magnesium's annualized ROCE % for the quarter that ended in Dec. 2024 was -4.33%.

Latrobe Magnesium ROCE % Historical Data

The historical data trend for Latrobe Magnesium'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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Latrobe Magnesium ROCE % Chart

Latrobe Magnesium Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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79.26

-13.26

-14.53

-10.72

1.41

Latrobe Magnesium Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															-13.20	-10.02	-11.20	11.17	-4.33

Latrobe Magnesium ROCE % Calculation

Latrobe Magnesium'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 )
	=	0.538	/	( ( (38.696 - 10.46)	+	(58.851 - 10.93) )	/ 2 )
	=	0.538	/	( (28.236	+	47.921)	/ 2 )
	=	0.538	/	38.0785
	=	1.41 %

Latrobe Magnesium'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 )
	=	-2.068	/	( ( (58.851 - 10.93)	+	(52.706 - 5.123) )	/ 2 )
	=	-2.068	/	( ( 47.921	+	47.583 )	/ 2 )
	=	-2.068	/	47.752
	=	-4.33 %

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

Latrobe Magnesium (STU:L2Q) 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.

Latrobe Magnesium ROCE % Related Terms

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Latrobe Magnesium Business Description

Industry

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LMG:Australia

Address

80 Clarence Street, Suite 504, Sydney, NSW, AUS, 2000

Website

https://www.latrobemagnesium.com

Latrobe Magnesium Ltd develops a magnesium production plant. The company aims to produce magnesium metal from fly ash at its flagship Latrobe Magnesium Project, located in Victoria. The company converts fly ash into valuable products including magnesium metal, Supplementary Cementitious Material (SCM), silica, char, iron oxide and calcium carbonate. The projects of the company include Latrobe Magnesium Project, Magnesium Plant Project, and others.

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