Red Hawk Mining (ASX:RHK) ROCE % : -11.08% (As of Dec. 2023)

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What is Red Hawk Mining 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. Red Hawk Mining's annualized ROCE % for the quarter that ended in Dec. 2023 was -11.08%.

Red Hawk Mining ROCE % Historical Data

The historical data trend for Red Hawk Mining'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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Red Hawk Mining ROCE % Chart

Red Hawk Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-9.04

-11.90

-4.62

-2.76

-6.27

Red Hawk Mining 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															-2.28	-3.00	-6.50	-6.10	-11.08

Red Hawk Mining ROCE % Calculation

Red Hawk Mining'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 )
	=	-5.478	/	( ( (94.569 - 5.281)	+	(86.667 - 1.234) )	/ 2 )
	=	-5.478	/	( (89.288	+	85.433)	/ 2 )
	=	-5.478	/	87.3605
	=	-6.27 %

Red Hawk Mining'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 )
	=	-9.438	/	( ( (86.667 - 1.234)	+	(89.152 - 4.171) )	/ 2 )
	=	-9.438	/	( ( 85.433	+	84.981 )	/ 2 )
	=	-9.438	/	85.207
	=	-11.08 %

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

Red Hawk Mining (ASX:RHK) 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.

Red Hawk Mining ROCE % Related Terms

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Red Hawk Mining (ASX:RHK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Red Hawk Mining Ltd (ASX:RHK) » Definitions » ROCE %

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F1D0:Germany

Address

23 Ventnor Avenue, Ground Floor, Perth, WA, AUS, 6005

Website

https://www.flindersmines.com

Red Hawk Mining Ltd Formerly Flinders Mines Ltd is engaged in the exploration of mineral deposits. It has exploration operations in iron ore mineralisation, gold and base metals. The group's projects include the Pilbara Iron Ore and Canegrass Magnetite projects. The Pilbara Iron Ore project is located in the Pilbara region of Western Australia. The Canegrass project is located near Mount Magnet, Western Australia.

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