Skin Elements (ASX:SKN) ROCE % : -1,428.93% (As of Dec. 2023)

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What is Skin Elements 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. Skin Elements's annualized ROCE % for the quarter that ended in Dec. 2023 was -1,428.93%.

Skin Elements ROCE % Historical Data

The historical data trend for Skin Elements'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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Skin Elements ROCE % Chart

Skin Elements Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-28.45

-19.78

-30.62

-15.81

-208.73

Skin Elements Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial									-22.65	-8.00	-60.63	-377.54	-1,428.93

Skin Elements ROCE % Calculation

Skin Elements'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 )
	=	-11.358	/	( ( (11.097 - 0.819)	+	(1.686 - 1.081) )	/ 2 )
	=	-11.358	/	( (10.278	+	0.605)	/ 2 )
	=	-11.358	/	5.4415
	=	-208.73 %

Skin Elements'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 )
	=	-2.272	/	( ( (1.686 - 1.081)	+	(0.876 - 1.163) )	/ 2 )
	=	-2.272	/	( ( 0.605	+	-0.287 )	/ 2 )
	=	-2.272	/	0.159
	=	-1,428.93 %

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

Skin Elements (ASX:SKN) 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.

Skin Elements ROCE % Related Terms

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Skin Elements (ASX:SKN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Skin Elements Ltd (ASX:SKN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1242 Hay Street, West Perth, Perth, WA, AUS, 6005

Website

https://www.skinelementslimited.com

Skin Elements Ltd is a company that operates in the beauty and personal care industry. The principal business activities include the manufacture and distribution of natural, organic, health, and wellness products. Its brand portfolio includes Soleo Organics natural sunscreen brand, the PapayaActivs therapeutic skincare range, Elizabeth Jane Natural Cosmetics, and the recently developed Invisi-Shield SuprCuvr plant-based hospital-grade disinfectant range. The company is based on two segments, operational and corporate. The operating segment is involved in designing and formulating natural, organic, health, and wellness products.

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