Firebird Metals (ASX:FRB) ROCE % : -71.47% (As of Dec. 2023)

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What is Firebird Metals 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. Firebird Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was -71.47%.

Firebird Metals ROCE % Historical Data

The historical data trend for Firebird Metals'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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Firebird Metals ROCE % Chart

Firebird Metals Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

ROCE %

-66.33

-26.09

-18.39

Firebird Metals Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-13.47	-39.51	-24.66	-8.82	-71.47

Firebird Metals ROCE % Calculation

Firebird Metals'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 )
	=	-0.95	/	( ( (4.132 - 0.191)	+	(6.723 - 0.333) )	/ 2 )
	=	-0.95	/	( (3.941	+	6.39)	/ 2 )
	=	-0.95	/	5.1655
	=	-18.39 %

Firebird Metals'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 )
	=	-7.278	/	( ( (6.723 - 0.333)	+	(14.444 - 0.466) )	/ 2 )
	=	-7.278	/	( ( 6.39	+	13.978 )	/ 2 )
	=	-7.278	/	10.184
	=	-71.47 %

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

Firebird Metals (ASX:FRB) 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.

Firebird Metals ROCE % Related Terms

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Firebird Metals (ASX:FRB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Firebird Metals Ltd (ASX:FRB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

7Y2:Germany

Address

460 Stirling Highway, Unit 38, Peppermint Grove, Perth, WA, AUS, 6011

Website

https://www.firebirdmetals.com.au

Firebird Metals Ltd is engaged in the exploration and development of mineral properties in Australia. Its project includes Oakover Manganese Project; HILL 616 and Disraeli in the East Pilbara manganese province.

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