G11 Resources (ASX:G11) ROCE % : -11.93% (As of Dec. 2023)

View and export this data going back to 2010. Start your Free Trial

What is G11 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. G11 Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -11.93%.

G11 Resources ROCE % Historical Data

The historical data trend for G11 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.

* Premium members only.

G11 Resources ROCE % Chart

G11 Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

Get a 7-Day Free Trial

-12.88

-23.50

-110.17

-29.03

-18.83

G11 Resources 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															-40.08	-16.94	-14.35	-18.15	-11.93

G11 Resources ROCE % Calculation

G11 Resources'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 )
	=	-1.377	/	( ( (5.957 - 0.393)	+	(9.295 - 0.237) )	/ 2 )
	=	-1.377	/	( (5.564	+	9.058)	/ 2 )
	=	-1.377	/	7.311
	=	-18.83 %

G11 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 )
	=	-1.058	/	( ( (9.295 - 0.237)	+	(8.81 - 0.128) )	/ 2 )
	=	-1.058	/	( ( 9.058	+	8.682 )	/ 2 )
	=	-1.058	/	8.87
	=	-11.93 %

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

G11 Resources (ASX:G11) 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.

G11 Resources ROCE % Related Terms

Thank you for viewing the detailed overview of G11 Resources's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

G11 Resources (ASX:G11) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » G11 Resources Ltd (ASX:G11) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

459 Collins Street, Level 21, Melbourne, VIC, AUS, 3000

Website

https://www.odinmetals.com.au

G11 Resources Ltd is engaged in the exploration of minerals. The firm's projects are Sturgeon Lake Zinc-Copper Project, Monte Azul Project and Koonenberry Project. Geographically, the company operates in Australia, Brazil, and Canada.

G11 Resources (ASX:G11) Headlines

No Headlines