High-Tech Metals (ASX:HTM) ROCE % : -15.96% (As of Dec. 2023)

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What is High-Tech Metals 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. High-Tech Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was -15.96%.

High-Tech Metals ROCE % Historical Data

The historical data trend for High-Tech Metals'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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High-Tech Metals ROCE % Chart

High-Tech Metals Annual Data

Trend

Jun23

ROCE %

-34.27

High-Tech Metals Semi-Annual Data
	Dec22	Jun23	Dec23
ROCE %	-37.15	-70.64	-15.96

High-Tech Metals ROCE % Calculation

High-Tech Metals'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: . 20 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: . 20 )		(A: Jun. 2023 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

High-Tech Metals'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 )
	=	-0.662	/	( ( (4.852 - 0.531)	+	(4.5 - 0.523) )	/ 2 )
	=	-0.662	/	( ( 4.321	+	3.977 )	/ 2 )
	=	-0.662	/	4.149
	=	-15.96 %

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

High-Tech Metals (ASX:HTM) 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.

High-Tech Metals ROCE % Related Terms

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High-Tech Metals (ASX:HTM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » High-Tech Metals Ltd (ASX:HTM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Townshend Road, Subiaco, WA, AUS, 6009

Website

https://www.hightechmetals.com.au

High-Tech Metals Ltd is engaged in the exploration and development of mineral resource properties, It holds Werner Lake Project, a cobalt project located in north-western Ontario, Canada, within the Kenora Mining District.

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