Gullewa (ASX:GUL) ROCE % : -9.74% (As of Dec. 2023)

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What is Gullewa 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. Gullewa's annualized ROCE % for the quarter that ended in Dec. 2023 was -9.74%.

Gullewa ROCE % Historical Data

The historical data trend for Gullewa'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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Gullewa ROCE % Chart

Gullewa Annual Data

Trend

Jun13

Jun14

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-10.73

-8.68

-14.37

-9.85

-9.55

Gullewa Semi-Annual Data
	Dec13	Jun14	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-10.19	-8.79	-9.88	-9.39	-9.74

Gullewa ROCE % Calculation

Gullewa'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 )
	=	-1.511	/	( ( (16.15 - 1.289)	+	(17.159 - 0.377) )	/ 2 )
	=	-1.511	/	( (14.861	+	16.782)	/ 2 )
	=	-1.511	/	15.8215
	=	-9.55 %

Gullewa'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 )
	=	-1.684	/	( ( (17.159 - 0.377)	+	(18.053 - 0.256) )	/ 2 )
	=	-1.684	/	( ( 16.782	+	17.797 )	/ 2 )
	=	-1.684	/	17.2895
	=	-9.74 %

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

Gullewa (ASX:GUL) 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.

Gullewa ROCE % Related Terms

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Gullewa (ASX:GUL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gullewa Ltd (ASX:GUL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

49-51 York Street, Suite 1, Level 2, Quantum House, Sydney, NSW, AUS, 2000

Website

https://www.vocus.com.au

Gullewa Ltd engages is an investment holding company. It operates through three segments: Exploration and Evaluation, Property holding, and Investments. The Exploration and Evaluation segment involves in the exploration and evaluation of minerals. The Property holding segment acquires investment properties for capital appreciation. The Investments segment invests in shares in listed and unlisted entities. The company explores for coal deposits in Queensland; base metals in New South Wales; and geothermal sources in Tasmania, as well as explores for gold and iron ore deposits in Western Australia. It derives key revenue from the Exploration and evaluation segment.

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