SQX Resources (ASX:SQX) ROCE % : -32.86% (As of Dec. 2023)

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What is SQX 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. SQX Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -32.86%.

SQX Resources ROCE % Historical Data

The historical data trend for SQX 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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SQX Resources ROCE % Chart

SQX Resources Annual Data

Trend

ROCE %

SQX Resources Semi-Annual Data
	Dec22	Jun23	Dec23
ROCE %	-	-114.76	-32.86

SQX Resources ROCE % Calculation

SQX Resources'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 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

SQX Resources'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 )
	=	-1.214	/	( ( (3.963 - 0.096)	+	(3.603 - 0.08) )	/ 2 )
	=	-1.214	/	( ( 3.867	+	3.523 )	/ 2 )
	=	-1.214	/	3.695
	=	-32.86 %

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

SQX Resources (ASX:SQX) 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.

SQX Resources ROCE % Related Terms

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SQX Resources (ASX:SQX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

371 Queen Street, Level 1, Brisbane, QLD, AUS, 4000

Website

https://www.sqxresources.com

SQX Resources Ltd is an early-stage exploration company. It engages in acquiring, exploring, evaluating, and exploiting mineral resource projects. Its mineral prospects comprise Scrub Paddock Prospect and the Ollenburgs Prospect.

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