Outback Goldfields (TSXV:OZ) ROCE % : -4.70% (As of Dec. 2023)

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What is Outback Goldfields 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. Outback Goldfields's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.70%.

Outback Goldfields ROCE % Historical Data

The historical data trend for Outback Goldfields'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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Outback Goldfields ROCE % Chart

Outback Goldfields Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-66.78

-100.26

-20.69

-9.73

-5.71

Outback Goldfields Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-5.75	-5.00	-3.33	-5.41	-4.70

Outback Goldfields ROCE % Calculation

Outback Goldfields'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 )
	=	-1.201	/	( ( (27.141 - 0.073)	+	(15.114 - 0.14) )	/ 2 )
	=	-1.201	/	( (27.068	+	14.974)	/ 2 )
	=	-1.201	/	21.021
	=	-5.71 %

Outback Goldfields'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-0.688	/	( ( (14.77 - 0.04)	+	(14.576 - 0.043) )	/ 2 )
	=	-0.688	/	( ( 14.73	+	14.533 )	/ 2 )
	=	-0.688	/	14.6315
	=	-4.70 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Outback Goldfields (TSXV:OZ) 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.

Outback Goldfields ROCE % Related Terms

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Outback Goldfields (TSXV:OZ) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Outback Goldfields Corp (TSXV:OZ) » Definitions » ROCE %

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OZBKF:USA S600:Germany S600:Germany

Address

1090 West Georgia Street, Suite 700, Vancouver, BC, CAN, V6E3V7

Website

https://www.outbackgoldfields.com

Outback Goldfields Corp is an exploration mining company, holding a package of four prospective gold projects located proximate and adjacent to the Fosterville Gold Mine in Victoria, Australia. The company acquired certain gold projects located in Victoria, Australia including an exploration license for the Yeungroon Gold Project and a right, title, and interest in a mining joint venture agreement for the Glenfine Gold Project. In addition, three exploration license applications were acquired for the Silver Spoon Orogenic Gold Project.

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