Golden State Mining (ASX:GSM) ROCE % : -207.89% (As of Dec. 2023)

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What is Golden State Mining 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. Golden State Mining's annualized ROCE % for the quarter that ended in Dec. 2023 was -207.89%.

Golden State Mining ROCE % Historical Data

The historical data trend for Golden State Mining'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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Golden State Mining ROCE % Chart

Golden State Mining Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

-115.45

-71.08

-127.86

-95.59

-118.85

Golden State Mining Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial						-97.66	-132.71	-110.54	-157.17	-207.89

Golden State Mining ROCE % Calculation

Golden State Mining'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 )
	=	-3.2	/	( ( (4.135 - 0.408)	+	(2.204 - 0.546) )	/ 2 )
	=	-3.2	/	( (3.727	+	1.658)	/ 2 )
	=	-3.2	/	2.6925
	=	-118.85 %

Golden State Mining'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 )
	=	-4.056	/	( ( (2.204 - 0.546)	+	(2.649 - 0.405) )	/ 2 )
	=	-4.056	/	( ( 1.658	+	2.244 )	/ 2 )
	=	-4.056	/	1.951
	=	-207.89 %

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

Golden State Mining (ASX:GSM) 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.

Golden State Mining ROCE % Related Terms

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Golden State Mining (ASX:GSM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden State Mining Ltd (ASX:GSM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

19-21 Outram Street, Suite 15, West Perth, Perth, WA, AUS, 6005

Website

https://www.goldenstatemining.com.au

Golden State Mining Ltd is a resources exploration company. It is mainly engaged in the acquisition and exploration of assets in Western Australia. The firm is occupied in the exploration of the Murchison Project, Yule Project, Four Mile Well Project, Paynes Find Lithium Project, Southern Cross Gold Project, Yamarna Nickel Project, Ashburton Base Metals Project in Western Australia.