Brazilian Rare Earths (ASX:BRE) ROCE % : -59.32% (As of Jun. 2023)

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What is Brazilian Rare Earths 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. Brazilian Rare Earths's annualized ROCE % for the quarter that ended in Jun. 2023 was -59.32%.

Brazilian Rare Earths ROCE % Historical Data

The historical data trend for Brazilian Rare Earths'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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Brazilian Rare Earths ROCE % Chart

Brazilian Rare Earths Annual Data

Trend

Dec22

Dec23

ROCE %

-202.33

Brazilian Rare Earths Semi-Annual Data
	Dec22	Jun23	Dec23
ROCE %	-	-59.32	-156.53

Brazilian Rare Earths ROCE % Calculation

Brazilian Rare Earths'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 )
	=	-38.144	/	( ( (20.043 - 21.57)	+	(51.395 - 12.163) )	/ 2 )
	=	-38.144	/	( (-1.527	+	39.232)	/ 2 )
	=	-38.144	/	18.8525
	=	-202.33 %

Brazilian Rare Earths's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-12.198	/	( ( (20.043 - 21.57)	+	(51.014 - 8.359) )	/ 2 )
	=	-12.198	/	( ( -1.527	+	42.655 )	/ 2 )
	=	-12.198	/	20.564
	=	-59.32 %

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

Brazilian Rare Earths (ASX:BRE) 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.

Brazilian Rare Earths ROCE % Related Terms

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Brazilian Rare Earths (ASX:BRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Brazilian Rare Earths Ltd (ASX:BRE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

X84:Germany X84:Germany

Address

11-15 Labouchere Road, Suite 53, Level 2, South Perth, WA, AUS, 6151

Website

https://www.brazilianrareearths.com

Brazilian Rare Earths Ltd is an Australian-based company focused on exploring rare earth elements and other critical minerals in Brazil. The company owns and operates a district-scale Tier One Rare Earths Province, located in North Eastern Brazil. The company has a project named Rocha da Rocha Critical Minerals which represents one of the exciting critical minerals discoveries globally.

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