Rex Minerals (ASX:RXM) ROCE % : -36.37% (As of Dec. 2023)

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What is Rex Minerals 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. Rex Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -36.37%.

Rex Minerals ROCE % Historical Data

The historical data trend for Rex Minerals'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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Rex Minerals ROCE % Chart

Rex Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-20.71

-23.57

-32.42

-27.69

-47.59

Rex Minerals 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															-17.00	-25.49	-44.68	-51.72	-36.37

Rex Minerals ROCE % Calculation

Rex Minerals'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 )
	=	-25.273	/	( ( (67.151 - 1.937)	+	(43.689 - 2.688) )	/ 2 )
	=	-25.273	/	( (65.214	+	41.001)	/ 2 )
	=	-25.273	/	53.1075
	=	-47.59 %

Rex Minerals'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 )
	=	-15.024	/	( ( (43.689 - 2.688)	+	(43.443 - 1.826) )	/ 2 )
	=	-15.024	/	( ( 41.001	+	41.617 )	/ 2 )
	=	-15.024	/	41.309
	=	-36.37 %

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

Rex Minerals (ASX:RXM) 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.

Rex Minerals ROCE % Related Terms

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Rex Minerals (ASX:RXM) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rex Minerals Ltd (ASX:RXM) » Definitions » ROCE %

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RXRLF:USA

Address

68 St Vincent Highway, Pine Point, SA, AUS, 5571

Website

https://www.rexminerals.com.au

Rex Minerals Ltd is a minerals exploration, evaluation and development in Australia. Its project includes Hillside Copper, Gold and Iron Ore mine situated in the south of the township of Ardrossan on the Yorke Peninsula, South Australia. It also holds interests in Hog Ranch Property, located in Washoe County in northwest Nevada.

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