Legacy Minerals Holdings (ASX:LGM) ROCE % : -1.43% (As of Dec. 2023)

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What is Legacy Minerals 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. Legacy Minerals Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.43%.

Legacy Minerals Holdings ROCE % Historical Data

The historical data trend for Legacy Minerals 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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Legacy Minerals Holdings ROCE % Chart

Legacy Minerals Holdings Annual Data

Trend

Jun22

Jun23

ROCE %

-42.65

-20.41

Legacy Minerals Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-54.44	-20.38	-16.88	-21.83	-1.43

Legacy Minerals Holdings ROCE % Calculation

Legacy Minerals 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 )
	=	-1.009	/	( ( (5.115 - 0.255)	+	(5.74 - 0.713) )	/ 2 )
	=	-1.009	/	( (4.86	+	5.027)	/ 2 )
	=	-1.009	/	4.9435
	=	-20.41 %

Legacy Minerals 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 )
	=	-0.088	/	( ( (5.74 - 0.713)	+	(7.308 - 0) )	/ 2 )
	=	-0.088	/	( ( 5.027	+	7.308 )	/ 2 )
	=	-0.088	/	6.1675
	=	-1.43 %

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

Legacy Minerals Holdings (ASX:LGM) 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.

Legacy Minerals Holdings ROCE % Related Terms

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Legacy Minerals Holdings (ASX:LGM) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

401/54 Miller Street, North Sydney, NSW, AUS, 2060

Website

https://www.legacyminerals.com.au

Legacy Minerals Holdings Ltd is focused on gold and copper discovery. The company is involved in the acquisition and exploration of gold and copper projects in the prospective Lachlan Fold Belt (LFB) and New England Fold Belt (NEFB) of New South Wales (NSW). Its properties include Cobar, Harden, Rockley, Bauloora, Black range, and Fontenoy.

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