Great Southern Copper (LSE:GSCU) ROCE % : -38.30% (As of Sep. 2023)

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What is Great Southern Copper 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. Great Southern Copper's annualized ROCE % for the quarter that ended in Sep. 2023 was -38.30%.

Great Southern Copper ROCE % Historical Data

The historical data trend for Great Southern Copper'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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Great Southern Copper ROCE % Chart

Great Southern Copper Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

-38.48

-35.10

Great Southern Copper Semi-Annual Data
	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	-	-34.70	-22.32	-45.19	-38.30

Great Southern Copper ROCE % Calculation

Great Southern Copper's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-1.325	/	( ( (4.574 - 0.223)	+	(3.324 - 0.125) )	/ 2 )
	=	-1.325	/	( (4.351	+	3.199)	/ 2 )
	=	-1.325	/	3.775
	=	-35.10 %

Great Southern Copper's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-1.204	/	( ( (3.324 - 0.125)	+	(3.445 - 0.357) )	/ 2 )
	=	-1.204	/	( ( 3.199	+	3.088 )	/ 2 )
	=	-1.204	/	3.1435
	=	-38.30 %

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

Great Southern Copper (LSE:GSCU) 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.

Great Southern Copper ROCE % Related Terms

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Great Southern Copper (LSE:GSCU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Great Southern Copper PLC (LSE:GSCU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

E9E:Germany

Address

London Wall, Salisbury House, London, GBR, EC2M 5PS

Website

https://www.gscplc.com

Great Southern Copper PLC is a copper exploration company that aims to generate shareholder value through successful exploration and discovery of large-scale porphyry copper-gold deposits from its projects located in the underexplored coastal copper belt of northern Chile. It has two main project sites based on its current licence portfolio, San Lorenzo and Especularita, both located in Chile.

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