Global Uranium and Enrichment (ASX:GUE) ROCE % : -4.86% (As of Dec. 2023)

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What is Global Uranium and Enrichment 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. Global Uranium and Enrichment's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.86%.

Global Uranium and Enrichment ROCE % Historical Data

The historical data trend for Global Uranium and Enrichment'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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Global Uranium and Enrichment ROCE % Chart

Global Uranium and Enrichment Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-20.65

-71.03

-32.48

-50.36

-12.02

Global Uranium and Enrichment Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial								-77.69	-12.92	-15.41	-9.08	-4.86

Global Uranium and Enrichment ROCE % Calculation

Global Uranium and Enrichment'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 )
	=	-3.567	/	( ( (26.131 - 0.357)	+	(33.791 - 0.205) )	/ 2 )
	=	-3.567	/	( (25.774	+	33.586)	/ 2 )
	=	-3.567	/	29.68
	=	-12.02 %

Global Uranium and Enrichment'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 )
	=	-1.654	/	( ( (33.791 - 0.205)	+	(34.64 - 0.172) )	/ 2 )
	=	-1.654	/	( ( 33.586	+	34.468 )	/ 2 )
	=	-1.654	/	34.027
	=	-4.86 %

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

Global Uranium and Enrichment (ASX:GUE) 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.

Global Uranium and Enrichment ROCE % Related Terms

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Global Uranium and Enrichment (ASX:GUE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Global Uranium and Enrichment Ltd (ASX:GUE) » Definitions » ROCE %

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GUELF:USA

Address

216 St Georges Terrace, London House, Level 11, Perth, WA, AUS, 6000

Website

https://www.okapiresources.com

Global Uranium and Enrichment Ltd Formerly Okapi Resources Ltd is a mineral exploration company with a specific focus on uranium, gold, and/or base metals exploration within Australia and USA. The company has an interest in Tallahassee Uranium Project; Rattler Uranium Project; Enmore Gold Project; Lake Johnston Project; and Crackerjack Project.

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