Geograce Resources Philippines (PHS:GEO) ROCE % : -301.63% (As of Dec. 2023)

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What is Geograce Resources Philippines 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. Geograce Resources Philippines's annualized ROCE % for the quarter that ended in Dec. 2023 was -301.63%.

Geograce Resources Philippines ROCE % Historical Data

The historical data trend for Geograce Resources Philippines'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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Geograce Resources Philippines ROCE % Chart

Geograce Resources Philippines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-20.95

-19.53

-25.72

-34.78

-108.92

Geograce Resources Philippines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-95.71	-44.48	-53.02	-63.52	-301.63

Geograce Resources Philippines ROCE % Calculation

Geograce Resources Philippines's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-4.693	/	( ( (14.884 - 8.311)	+	(11.115 - 9.071) )	/ 2 )
	=	-4.693	/	( (6.573	+	2.044)	/ 2 )
	=	-4.693	/	4.3085
	=	-108.92 %

Geograce Resources Philippines'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-9.72	/	( ( (12.459 - 8.058)	+	(11.115 - 9.071) )	/ 2 )
	=	-9.72	/	( ( 4.401	+	2.044 )	/ 2 )
	=	-9.72	/	3.2225
	=	-301.63 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Geograce Resources Philippines (PHS:GEO) 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.

Geograce Resources Philippines ROCE % Related Terms

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Geograce Resources Philippines (PHS:GEO) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Geograce Resources Philippines Inc (PHS:GEO) » Definitions » ROCE %

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Address

1505 Princeton Street, 7th Floor, Peaksun Building, Corner Shaw Boulevard, Barangay Wack-Wack Greenhills East, Mandaluyong, PHL, 1552

Website

https://www.geograceholdings.com

Geograce Resources Philippines Inc is an investment holding company. It is engaged in mining, exploration, and development of mineral resources. It focuses on purchasing, leasing, and otherwise acquiring mining claims and concessions in the Philippines, and carrying on the business of mining, extracting, smelting, treating, and otherwise producing and dealing in metals and minerals of various kinds, including its products and by-products.