Great Divide Mining (ASX:GDM) ROCE % : -71.04% (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Great Divide 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. Great Divide Mining's annualized ROCE % for the quarter that ended in Dec. 2023 was -71.04%.

Great Divide Mining ROCE % Historical Data

The historical data trend for Great Divide 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.

* Premium members only.

Great Divide Mining ROCE % Chart

Great Divide Mining Annual Data

Trend

ROCE %

Great Divide Mining Semi-Annual Data
	Dec22	Dec23
ROCE %	-	-71.04

Great Divide Mining ROCE % Calculation

Great Divide Mining's annualized ROCE % for the fiscal year that ended in . 20 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Great Divide 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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	-1.24	/	( ( (0.16 - 0.757)	+	(4.668 - 0.58) )	/ 2 )
	=	-1.24	/	( ( -0.597	+	4.088 )	/ 2 )
	=	-1.24	/	1.7455
	=	-71.04 %

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

Great Divide Mining (ASX:GDM) 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.

Great Divide Mining ROCE % Related Terms

Thank you for viewing the detailed overview of Great Divide Mining's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Great Divide Mining (ASX:GDM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Great Divide Mining Ltd (ASX:GDM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

127 Creek Street, Level 12, Brisbane, QLD, AUS, 4000

Website

https://www.greatdividemining.com.au

Great Divide Mining Ltd is a mineral exploration company. It focuses on the exploration and development of its projects for Gold, Antimony, and Copper, with Lithium and Rare Earth Metals.

Great Divide Mining (ASX:GDM) Headlines

No Headlines