South Harz Potash (FRA:D860) ROCE % : -400.79% (As of Dec. 2023)

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What is South Harz Potash 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. South Harz Potash's annualized ROCE % for the quarter that ended in Dec. 2023 was -400.79%.

South Harz Potash ROCE % Historical Data

The historical data trend for South Harz Potash'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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South Harz Potash ROCE % Chart

South Harz Potash Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-53.67

-55.20

-30.51

-125.05

-141.12

South Harz Potash Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial									-59.29	-171.29	-85.49	-186.46	-400.79

South Harz Potash ROCE % Calculation

South Harz Potash'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 )
	=	-5.352	/	( ( (6.111 - 0.625)	+	(2.932 - 0.833) )	/ 2 )
	=	-5.352	/	( (5.486	+	2.099)	/ 2 )
	=	-5.352	/	3.7925
	=	-141.12 %

South Harz Potash'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 )
	=	-7.098	/	( ( (2.932 - 0.833)	+	(2.85 - 1.407) )	/ 2 )
	=	-7.098	/	( ( 2.099	+	1.443 )	/ 2 )
	=	-7.098	/	1.771
	=	-400.79 %

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

South Harz Potash (FRA:D860) 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.

South Harz Potash ROCE % Related Terms

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South Harz Potash (FRA:D860) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » South Harz Potash Ltd (FRA:D860) » Definitions » ROCE %

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SHP:Australia

Address

6-10 Douro Place, Unit 13, West Perth, Perth, WA, AUS, 6005

Website

https://www.southharzpotash.com

South Harz Potash Ltd specializes in the development of potash mining projects. It holds perpetual mining licences in Ohmgebirge, Ebelebenand Muhlhausen-Nohra, and exploration licences in Kullstedt and Grafentonna, in the South Harz Potash District in north-western Thuringia, central Germany. It has one operating segment, mining and exploration operations.

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