Moho Resources NL (ASX:MOH) ROCE % : -12.52% (As of Dec. 2023)

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What is Moho Resources NL 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. Moho Resources NL's annualized ROCE % for the quarter that ended in Dec. 2023 was -12.52%.

Moho Resources NL ROCE % Historical Data

The historical data trend for Moho Resources NL'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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Moho Resources NL ROCE % Chart

Moho Resources NL Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

-25.98

-31.34

-35.85

-23.05

-19.94

Moho Resources NL Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial							-21.68	-23.95	-13.41	-24.96	-12.52

Moho Resources NL ROCE % Calculation

Moho Resources NL'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 )
	=	-1.63	/	( ( (9.021 - 1.071)	+	(9.324 - 0.928) )	/ 2 )
	=	-1.63	/	( (7.95	+	8.396)	/ 2 )
	=	-1.63	/	8.173
	=	-19.94 %

Moho Resources NL'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 )
	=	-1.13	/	( ( (9.324 - 0.928)	+	(10.553 - 0.898) )	/ 2 )
	=	-1.13	/	( ( 8.396	+	9.655 )	/ 2 )
	=	-1.13	/	9.0255
	=	-12.52 %

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

Moho Resources NL (ASX:MOH) 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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Moho Resources NL (ASX:MOH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Moho Resources NL (ASX:MOH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Loftus Street, Office 3, West Leederville, Perth, WA, AUS, 6007

Website

http://www.mohoresources.com.au

Moho Resources NL is an Australia-based mineral exploration company. It mainly explores properties located in Australia. Its projects include Empress Springs (Queensland ), Silver Swan North (Western Australia), and Burracoppin (Western Australia) Projects.