Galileo Mining (ASX:GAL) ROCE % : -4.67% (As of Dec. 2023)

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What is Galileo 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. Galileo Mining's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.67%.

Galileo Mining ROCE % Historical Data

The historical data trend for Galileo 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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Galileo Mining ROCE % Chart

Galileo Mining Annual Data

Trend

Dec17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-8.01

-6.92

-4.14

-5.54

-6.18

Galileo Mining Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial							-5.84	-4.59	-6.09	-4.87	-4.67

Galileo Mining ROCE % Calculation

Galileo 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 )
	=	-2.095	/	( ( (25.005 - 0.554)	+	(44.714 - 1.368) )	/ 2 )
	=	-2.095	/	( (24.451	+	43.346)	/ 2 )
	=	-2.095	/	33.8985
	=	-6.18 %

Galileo 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 )
	=	-2.014	/	( ( (44.714 - 1.368)	+	(43.203 - 0.34) )	/ 2 )
	=	-2.014	/	( ( 43.346	+	42.863 )	/ 2 )
	=	-2.014	/	43.1045
	=	-4.67 %

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

Galileo Mining (ASX:GAL) 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.

Galileo Mining ROCE % Related Terms

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Galileo Mining (ASX:GAL) Business Description

Industry

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

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Address

13 Colin Street, West Perth, Perth, WA, AUS, 6005

Website

https://www.galileomining.com.au

Galileo Mining Ltd is engaged in the business of mineral exploration and development in Western Australia. It holds interests in the Fraser Range Project which covers exploration licences of approximately 492 km2 in the Albany-Fraser Orogen and Norseman Project which comprises exploration and prospecting licenses covering a total area of approximately 351 km2.

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