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iTech Minerals (ASX:ITM) ROCE % : -6.13% (As of Dec. 2023)


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What is iTech Minerals 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. iTech Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.13%.

iTech Minerals ROCE % Historical Data

The historical data trend for iTech Minerals'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.

iTech Minerals ROCE % Chart

iTech Minerals Annual Data
Trend Jun22 Jun23
ROCE %
-6.61 -5.93

iTech Minerals Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
ROCE % -7.56 -5.41 -6.32 -4.77 -6.13

iTech Minerals ROCE % Calculation

iTech Minerals'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 )
=-1.102/( ( (16.531 - 0.561) + (22.002 - 0.807) )/ 2 )
=-1.102/( (15.97+21.195)/ 2 )
=-1.102/18.5825
=-5.93 %

iTech Minerals'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 )
=-1.288/( ( (22.002 - 0.807) + (21.237 - 0.405) )/ 2 )
=-1.288/( ( 21.195 + 20.832 )/ 2 )
=-1.288/21.0135
=-6.13 %

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

* 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.

iTech Minerals  (ASX:ITM) 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.

iTech Minerals ROCE % Related Terms

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iTech Minerals (ASX:ITM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » iTech Minerals Ltd (ASX:ITM) » Definitions » ROCE %
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Traded in Other Exchanges
ITMIF:USA
Address
170 Greenhill Road, Level 3, Parkside, Adelaide, SA, AUS, 5063
Website
https://www.itechminerals.com.au
iTech Minerals Ltd is a speculative exploration company. It is an industrial and battery minerals exploration and development company with a focus on developing the Eyre Peninsula and Franklyn Project halloysite-kaolinite projects and the Campoona Graphite Project in South Australia.