Haranga Resources (ASX:HAR) ROCE % : -97.49% (As of Jun. 2023)

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What is Haranga Resources 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. Haranga Resources's annualized ROCE % for the quarter that ended in Jun. 2023 was -97.49%.

Haranga Resources ROCE % Historical Data

The historical data trend for Haranga Resources'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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Haranga Resources ROCE % Chart

Haranga Resources Annual Data

Trend

Dec22

Dec23

ROCE %

-116.99

-94.23

Haranga Resources Semi-Annual Data
	Jun21	Jun22	Dec22	Jun23	Dec23
ROCE %	-	-42.12	-58.55	-97.49	-129.18

Haranga Resources ROCE % Calculation

Haranga Resources'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 )
	=	-3.634	/	( ( (4.461 - 1.065)	+	(4.493 - 0.176) )	/ 2 )
	=	-3.634	/	( (3.396	+	4.317)	/ 2 )
	=	-3.634	/	3.8565
	=	-94.23 %

Haranga Resources'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 )
	=	-2.87	/	( ( (4.461 - 1.065)	+	(2.862 - 0.37) )	/ 2 )
	=	-2.87	/	( ( 3.396	+	2.492 )	/ 2 )
	=	-2.87	/	2.944
	=	-97.49 %

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

Haranga Resources (ASX:HAR) 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.

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Haranga Resources (ASX:HAR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

65E0:Germany

Address

63 Shepperton Road, Suite 7, Victoria Park, WA, AUS, 6100

Website

https://www.haranga.com

Haranga Resources Ltd is engaged in exploring gold and uranium assets in West Africa. Its project portfolio includes Issia Gold Project, Burkina Faso, Uranium Today, and Saraya Uranium Project.

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