Gemfields Group (JSE:GML) ROCE % : -5.90% (As of Dec. 2023)

View and export this data going back to 2008. Start your Free Trial

What is Gemfields Group 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. Gemfields Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.90%.

Gemfields Group ROCE % Historical Data

The historical data trend for Gemfields Group'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.

* Premium members only.

Gemfields Group ROCE % Chart

Gemfields Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

10.29

-14.99

17.66

18.41

3.08

Gemfields Group 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															22.44	25.48	9.59	11.89	-5.90

Gemfields Group ROCE % Calculation

Gemfields Group's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	352.626	/	( ( (13376.88 - 1789.137)	+	(13003.663 - 1700.988) )	/ 2 )
	=	352.626	/	( (11587.743	+	11302.675)	/ 2 )
	=	352.626	/	11445.209
	=	3.08 %

Gemfields Group'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 )
	=	-686.73	/	( ( (13940.845 - 1977.239)	+	(13003.663 - 1700.988) )	/ 2 )
	=	-686.73	/	( ( 11963.606	+	11302.675 )	/ 2 )
	=	-686.73	/	11633.1405
	=	-5.90 %

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

Gemfields Group (JSE:GML) 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.

Gemfields Group ROCE % Related Terms

Thank you for viewing the detailed overview of Gemfields Group's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Gemfields Group (JSE:GML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gemfields Group Ltd (JSE:GML) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PLLHF:USA GEM:UK 5PH:Germany

Address

St Julian’s Avenue, Royal Chambers, PO Box 186, St Peter Port, GGY, GY1 4HP

Website

https://www.gemfieldsgroup.com

Gemfields Group Ltd is engaged in the mining and marketing of colored gemstones. It has mining operations in Zambia for emeralds and amethysts, and in Mozambique for ruby and pink sapphire. The company's segments include Zambia, Mozambique, PGMs, Steel Making Materials, Corporate, Faberge, and Others.

Gemfields Group (JSE:GML) Headlines

No Headlines