Clara Resources Australia (ASX:C7A) ROCE % : -78.18% (As of Dec. 2023)

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What is Clara Resources Australia 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. Clara Resources Australia's annualized ROCE % for the quarter that ended in Dec. 2023 was -78.18%.

Clara Resources Australia ROCE % Historical Data

The historical data trend for Clara Resources Australia'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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Clara Resources Australia ROCE % Chart

Clara Resources Australia Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-47.93

-29.57

-11.70

-124.94

-60.75

Clara Resources Australia Semi-Annual 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															-104.00	-217.92	-46.24	-82.25	-78.18

Clara Resources Australia ROCE % Calculation

Clara Resources Australia'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 )
	=	-10.057	/	( ( (20.653 - 0.187)	+	(13.878 - 1.232) )	/ 2 )
	=	-10.057	/	( (20.466	+	12.646)	/ 2 )
	=	-10.057	/	16.556
	=	-60.75 %

Clara Resources Australia'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 )
	=	-8.508	/	( ( (13.878 - 1.232)	+	(9.271 - 0.153) )	/ 2 )
	=	-8.508	/	( ( 12.646	+	9.118 )	/ 2 )
	=	-8.508	/	10.882
	=	-78.18 %

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

Clara Resources Australia (ASX:C7A) 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.

Clara Resources Australia ROCE % Related Terms

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Clara Resources Australia (ASX:C7A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Clara Resources Australia Ltd (ASX:C7A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Eagle Street, Level 27, Brisbane, QLD, AUS, 4000

Website

https://www.clararesources.com.au

Clara Resources Australia Ltd is an Australia-based multi-commodity exploration and production company. The projects of the company are Taronga Tin Project, Granville Tin project, Mackenzie coal project, Ashford Coking Coal Project, Kilkivan Project, Mt cobalt, and Pembroke project. The company's principal activities includes exploration for coal, nickel, and other commodities.

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