OzAurum Resources (ASX:OZM) ROCE % : -102.40% (As of Dec. 2023)

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What is OzAurum 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. OzAurum Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -102.40%.

OzAurum Resources ROCE % Historical Data

The historical data trend for OzAurum 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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OzAurum Resources ROCE % Chart

OzAurum Resources Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

-52.09

-69.51

-72.91

OzAurum Resources Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-109.76	-67.36	-80.09	-70.99	-102.40

OzAurum Resources ROCE % Calculation

OzAurum 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 )
	=	-2.918	/	( ( (6.092 - 0.612)	+	(2.73 - 0.206) )	/ 2 )
	=	-2.918	/	( (5.48	+	2.524)	/ 2 )
	=	-2.918	/	4.002
	=	-72.91 %

OzAurum 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 )
	=	-3.222	/	( ( (2.73 - 0.206)	+	(4.043 - 0.274) )	/ 2 )
	=	-3.222	/	( ( 2.524	+	3.769 )	/ 2 )
	=	-3.222	/	3.1465
	=	-102.40 %

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

OzAurum Resources (ASX:OZM) 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.

OzAurum Resources ROCE % Related Terms

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OzAurum Resources (ASX:OZM) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Williams Street, Unit 1, West Kalgoorlie, WA, AUS, 6430

Website

https://www.ozaurumresources.com

OzAurum Resources Ltd is a gold and minerals exploration and evaluation company. The company is focused on developing the Patricia project and Mulgabbie project.

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