Chrysos (ASX:C79) ROCE % : -2.54% (As of Dec. 2023)

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What is Chrysos 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. Chrysos's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.54%.

Chrysos ROCE % Historical Data

The historical data trend for Chrysos'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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Chrysos ROCE % Chart

Chrysos Annual Data

Trend

Jun22

Jun23

ROCE %

-1.81

-0.99

Chrysos Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-	-	-2.01	-	-2.54

Chrysos ROCE % Calculation

Chrysos'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 )
	=	-1.33	/	( ( (144.086 - 12.804)	+	(163.41 - 25.544) )	/ 2 )
	=	-1.33	/	( (131.282	+	137.866)	/ 2 )
	=	-1.33	/	134.574
	=	-0.99 %

Chrysos'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 )
	=	-4.306	/	( ( (163.41 - 25.544)	+	(224.528 - 23.48) )	/ 2 )
	=	-4.306	/	( ( 137.866	+	201.048 )	/ 2 )
	=	-4.306	/	169.457
	=	-2.54 %

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

Chrysos (ASX:C79) 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.

Chrysos ROCE % Related Terms

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Chrysos (ASX:C79) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Chrysos Corp Ltd (ASX:C79) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

YI1:Germany

Address

c/o CSIRO Reception Gate 4, Waite Road, Urrbrae, SA, AUS, 5064

Website

https://www.chrysos.com.au

Chrysos Corp Ltd creates technology solutions for the global mining industry. The company's flagship product PhotonAssay delivers faster, safer, more accurate, and environmentally friendly analysis of gold, silver, and complementary elements. The Group has three reportable segments namely, EMEA, Australia, and Americas, where the majority of revenue is generated from Australia.

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