Metal Hawk (ASX:MHK) ROCE % : -40.47% (As of Dec. 2023)

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What is Metal Hawk 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. Metal Hawk's annualized ROCE % for the quarter that ended in Dec. 2023 was -40.47%.

Metal Hawk ROCE % Historical Data

The historical data trend for Metal Hawk'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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Metal Hawk ROCE % Chart

Metal Hawk Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

ROCE %

-24.32

-18.63

-19.40

Metal Hawk Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-22.95	-12.48	-18.62	-19.20	-40.47

Metal Hawk ROCE % Calculation

Metal Hawk'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 )
	=	-1.71	/	( ( (9.034 - 0.279)	+	(9.095 - 0.222) )	/ 2 )
	=	-1.71	/	( (8.755	+	8.873)	/ 2 )
	=	-1.71	/	8.814
	=	-19.40 %

Metal Hawk'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 )
	=	-4.236	/	( ( (9.095 - 0.222)	+	(12.464 - 0.403) )	/ 2 )
	=	-4.236	/	( ( 8.873	+	12.061 )	/ 2 )
	=	-4.236	/	10.467
	=	-40.47 %

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

Metal Hawk (ASX:MHK) 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.

Metal Hawk ROCE % Related Terms

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Metal Hawk (ASX:MHK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Metal Hawk Ltd (ASX:MHK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Kings Park Road, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.metalhawk.com.au

Metal Hawk Ltd is a West Australian mineral exploration company. It is focused on the early-stage discovery of gold and nickel sulphides. The company's projects include Eastern Goldfields and Albany Fraser orogen.