Newfield Resources (ASX:NWF) ROCE % : -6.48% (As of Dec. 2023)

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What is Newfield Resources 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. Newfield Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.48%.

Newfield Resources ROCE % Historical Data

The historical data trend for Newfield Resources'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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Newfield Resources ROCE % Chart

Newfield Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-7.18

-8.44

-7.40

2.64

-7.52

Newfield Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-15.78	19.56	-4.89	-10.22	-6.48

Newfield Resources ROCE % Calculation

Newfield Resources'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 )
	=	-9.289	/	( ( (130.333 - 12.16)	+	(140.455 - 11.674) )	/ 2 )
	=	-9.289	/	( (118.173	+	128.781)	/ 2 )
	=	-9.289	/	123.477
	=	-7.52 %

Newfield Resources'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 )
	=	-8.284	/	( ( (140.455 - 11.674)	+	(137.914 - 11.208) )	/ 2 )
	=	-8.284	/	( ( 128.781	+	126.706 )	/ 2 )
	=	-8.284	/	127.7435
	=	-6.48 %

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

Newfield Resources (ASX:NWF) 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.

Newfield Resources ROCE % Related Terms

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Newfield Resources (ASX:NWF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newfield Resources Ltd (ASX:NWF) » Definitions » ROCE %

Comparable Companies

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N/A

Address

15 McCabe Street, North Fremantle, WA, AUS, 6159

Website

https://www.newfieldresources.com.au

Newfield Resources Ltd is engaged in mine development and mineral exploration. The firm operates predominantly in the mineral exploration industry in Australia and Africa. The company's project profile includes The Tongo Diamond Project, Kumgbo Kimberlite Project. Its segments consist of Mining & Development Africa, Mineral Exploration Africa, and Corporate. Geographical segments of the company include Australia, Liberia, and Sierra Leone.

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