Southern Hemisphere Mining (STU:NK4) ROCE % : -2,378.38% (As of Dec. 2023)

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What is Southern Hemisphere Mining 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. Southern Hemisphere Mining's annualized ROCE % for the quarter that ended in Dec. 2023 was -2,378.38%.

Southern Hemisphere Mining ROCE % Historical Data

The historical data trend for Southern Hemisphere Mining'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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Southern Hemisphere Mining ROCE % Chart

Southern Hemisphere Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-430.63

-1,178.95

-185.30

-475.84

-1,538.00

Southern Hemisphere Mining Quarterly 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															-749.11	-	-847.35	-500.09	-2,378.38

Southern Hemisphere Mining ROCE % Calculation

Southern Hemisphere Mining's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-1.538	/	( ( (0.15 - 0.206)	+	(0.411 - 0.155) )	/ 2 )
	=	-1.538	/	( (-0.056	+	0.256)	/ 2 )
	=	-1.538	/	0.1
	=	-1,538.00 %

Southern Hemisphere Mining'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 )
	=	-5.72	/	( ( (0.411 - 0.155)	+	(0.744 - 0.519) )	/ 2 )
	=	-5.72	/	( ( 0.256	+	0.225 )	/ 2 )
	=	-5.72	/	0.2405
	=	-2,378.38 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Southern Hemisphere Mining (STU:NK4) 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.

Southern Hemisphere Mining ROCE % Related Terms

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Southern Hemisphere Mining (STU:NK4) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Southern Hemisphere Mining Ltd (STU:NK4) » Definitions » ROCE %

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NK4:Germany SUH:Australia

Address

20 Howard Street, Suite 2, Perth, WA, AUS, 6000

Website

https://www.shmining.com.au

Southern Hemisphere Mining Ltd is an exploration stage company that is engaged in the acquisition and exploration of mineral properties, principally located in Chile, South America, and Pilbara. The exploration projects of the company are the Llahuin Copper-Gold Project, Colina2 Gold Project, Rincon Copper-Gold Project, Los Pumas Project.

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