Ionic Rare Earths (Ionic Rare Earths) ROCE % : -71.34% (As of Dec. 2023)

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What is Ionic Rare Earths 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. Ionic Rare Earths's annualized ROCE % for the quarter that ended in Dec. 2023 was -71.34%.

Ionic Rare Earths ROCE % Historical Data

The historical data trend for Ionic Rare Earths'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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Ionic Rare Earths ROCE % Chart

Ionic Rare Earths Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-299.34

-71.32

-23.04

-13.73

-18.11

Ionic Rare Earths Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-29.80	-11.27	-14.79	-22.08	-71.34

Ionic Rare Earths ROCE % Calculation

Ionic Rare Earths'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 )
	=	-5.73	/	( ( (34.414 - 0.45)	+	(29.882 - 0.554) )	/ 2 )
	=	-5.73	/	( (33.964	+	29.328)	/ 2 )
	=	-5.73	/	31.646
	=	-18.11 %

Ionic Rare Earths'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 )
	=	-18.978	/	( ( (29.882 - 0.554)	+	(24.872 - 0.992) )	/ 2 )
	=	-18.978	/	( ( 29.328	+	23.88 )	/ 2 )
	=	-18.978	/	26.604
	=	-71.34 %

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

Ionic Rare Earths (OTCPK:IXRRF) 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.

Ionic Rare Earths ROCE % Related Terms

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Ionic Rare Earths (Ionic Rare Earths) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ionic Rare Earths Ltd (OTCPK:IXRRF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

6UH:Germany IXR:Australia

Address

259 Colins Street, Level 5 South, Melbourne, VIC, AUS, 3000

Website

https://www.ionicre.com.au

Ionic Rare Earths Ltd is a mineral exploration company, Its projects include the Makuutu project and San Isidro. The company operates in Australia and Nicaragua and Uganda.

Ionic Rare Earths (Ionic Rare Earths) Headlines

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