Saturn Metals (ASX:STN) ROCE % : -6.63% (As of Dec. 2023)

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What is Saturn Metals 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. Saturn Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.63%.

Saturn Metals ROCE % Historical Data

The historical data trend for Saturn Metals'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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Saturn Metals ROCE % Chart

Saturn Metals Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-12.47

-11.26

-8.33

-7.01

-9.84

Saturn Metals Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial							-7.70	-5.88	-8.09	-11.18	-6.63

Saturn Metals ROCE % Calculation

Saturn Metals'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 )
	=	-3.584	/	( ( (36.062 - 0.741)	+	(38.861 - 1.333) )	/ 2 )
	=	-3.584	/	( (35.321	+	37.528)	/ 2 )
	=	-3.584	/	36.4245
	=	-9.84 %

Saturn Metals'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 )
	=	-2.698	/	( ( (38.861 - 1.333)	+	(44.607 - 0.775) )	/ 2 )
	=	-2.698	/	( ( 37.528	+	43.832 )	/ 2 )
	=	-2.698	/	40.68
	=	-6.63 %

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

Saturn Metals (ASX:STN) 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.

Saturn Metals ROCE % Related Terms

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Saturn Metals (ASX:STN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Havelock Street, West Perth, Perth, WA, AUS, 6000

Website

https://www.saturnmetals.com.au

Saturn Metals Ltd is an Australian-based mineral exploration company. It focuses on gold exploration. The company's project includes the Apollo Hill Project located approximately 650km NE of Perth and the West Wyalong project. Its only operating segment is an exploration for precious metals at its tenement package, south of Leonora, Western Australia.