Resource Base (ASX:RBX) ROCE % : -12.68% (As of Dec. 2023)

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What is Resource Base 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. Resource Base's annualized ROCE % for the quarter that ended in Dec. 2023 was -12.68%.

Resource Base ROCE % Historical Data

The historical data trend for Resource Base'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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Resource Base ROCE % Chart

Resource Base Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-151.72

-61.94

Resource Base 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															151.94	-92.86	-22.55	-98.86	-12.68

Resource Base ROCE % Calculation

Resource Base'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 )
	=	-4.014	/	( ( (7.373 - 0.278)	+	(5.931 - 0.065) )	/ 2 )
	=	-4.014	/	( (7.095	+	5.866)	/ 2 )
	=	-4.014	/	6.4805
	=	-61.94 %

Resource Base'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 )
	=	-0.724	/	( ( (5.931 - 0.065)	+	(5.587 - 0.036) )	/ 2 )
	=	-0.724	/	( ( 5.866	+	5.551 )	/ 2 )
	=	-0.724	/	5.7085
	=	-12.68 %

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

Resource Base (ASX:RBX) 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.

Resource Base ROCE % Related Terms

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Resource Base (ASX:RBX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Resource Base Ltd (ASX:RBX) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

99 St Georges Terrace, Level 8, Perth, WA, AUS, 6000

Website

https://www.resourcebase.com.au

Resource Base Ltd is a mineral exploration company focused on the acquisition and development of highly prospective exploration projects with demonstrated potential for scalable discoveries. The Company's primary focus was to advance the development of its Mitre Hill REE Project, the Wali and Ernst Lake lithium projects in Quebec, and the Black Range Project in Victoria. The company is organized into one operating segment, being the exploration and production of gold in Australia. Geographically, it operates within Australia.

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