Ozz Resources (ASX:OZZ) ROCE % : -55.65% (As of Dec. 2023)

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What is Ozz 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. Ozz Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -55.65%.

Ozz Resources ROCE % Historical Data

The historical data trend for Ozz 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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Ozz Resources ROCE % Chart

Ozz Resources Annual Data

Trend

Jun22

Jun23

ROCE %

-909.77

-113.15

Ozz Resources Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-149.55	-319.53	-601.35	-121.69	-55.65

Ozz Resources ROCE % Calculation

Ozz 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 )
	=	-1.097	/	( ( (0.969 - 0.488)	+	(1.541 - 0.083) )	/ 2 )
	=	-1.097	/	( (0.481	+	1.458)	/ 2 )
	=	-1.097	/	0.9695
	=	-113.15 %

Ozz 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 )
	=	-0.712	/	( ( (1.541 - 0.083)	+	(1.172 - 0.071) )	/ 2 )
	=	-0.712	/	( ( 1.458	+	1.101 )	/ 2 )
	=	-0.712	/	1.2795
	=	-55.65 %

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

Ozz Resources (ASX:OZZ) 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.

Ozz Resources ROCE % Related Terms

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Ozz Resources (ASX:OZZ) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 St Georges Terrace, Level 3, Perth, WA, AUS, 6000

Website

https://www.ozzresources.com.au

Ozz Resources Ltd is a Perth-based and Western Australian-focused gold and base metal explorer. Its projects include Mount Davis Project, Peterwangy Project, Maguires Reward Project, Rabbit Bore Project, and Wardarbie South Project.

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