European Metals Holdings (ASX:EMH) ROCE % : -5.83% (As of Dec. 2023)

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What is European Metals Holdings 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. European Metals Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.83%.

European Metals Holdings ROCE % Historical Data

The historical data trend for European Metals Holdings'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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European Metals Holdings ROCE % Chart

European Metals Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-26.67

-33.73

-11.83

-16.29

-16.41

European Metals Holdings 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															-15.86	-20.37	-21.99	-12.33	-5.83

European Metals Holdings ROCE % Calculation

European Metals Holdings'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 )
	=	-5.925	/	( ( (36.973 - 1.133)	+	(37.268 - 0.876) )	/ 2 )
	=	-5.925	/	( (35.84	+	36.392)	/ 2 )
	=	-5.925	/	36.116
	=	-16.41 %

European Metals Holdings'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 )
	=	-2.254	/	( ( (37.268 - 0.876)	+	(41.21 - 0.244) )	/ 2 )
	=	-2.254	/	( ( 36.392	+	40.966 )	/ 2 )
	=	-2.254	/	38.679
	=	-5.83 %

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

European Metals Holdings (ASX:EMH) 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.

European Metals Holdings ROCE % Related Terms

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European Metals Holdings (ASX:EMH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » European Metals Holdings Ltd (ASX:EMH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EMHXY:USA EMHLF:USA ERPNF:USA EMH:UK E86:Germany

Address

35 Outram Street, Level 3, West Perth, WA, AUS, 6005

Website

https://www.europeanmet.com

European Metals Holdings Ltd is a UK-based company, engaged in the exploration and development of mineral resources to create a sustainable European lithium supply chain with low carbon footprint. The company holds an interest in the Cinovec lithium-tin project in the Czech Republic. Geographically, it operates through Australian and Czech segments of which the Australian region derives the majority of revenue.

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