Verde Resources (Verde Resources) ROCE % : -5.11% (As of Dec. 2023)

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What is Verde Resources 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. Verde Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.11%.

Verde Resources ROCE % Historical Data

The historical data trend for Verde Resources'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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Verde Resources ROCE % Chart

Verde Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-3.65

-8.61

-8.06

Verde Resources 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															-12.29	-6.71	1.00	-5.40	-5.11

Verde Resources ROCE % Calculation

Verde Resources'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 )
	=	-2.08	/	( ( (33.663 - 19.417)	+	(38.824 - 1.477) )	/ 2 )
	=	-2.08	/	( (14.246	+	37.347)	/ 2 )
	=	-2.08	/	25.7965
	=	-8.06 %

Verde Resources'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 )
	=	-1.932	/	( ( (39.501 - 1.64)	+	(39.468 - 1.67) )	/ 2 )
	=	-1.932	/	( ( 37.861	+	37.798 )	/ 2 )
	=	-1.932	/	37.8295
	=	-5.11 %

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

Verde Resources (OTCPK:VRDR) 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.

Verde Resources ROCE % Related Terms

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Verde Resources (Verde Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Verde Resources Inc (OTCPK:VRDR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Cityplace Drive, Suite 200, St. Louis, MO, USA, 63141

Website

https://www.verderesources.com

Verde Resources Inc operates is a US-based company. The Company currently is engaged in the production and distribution of renewable commodities, distribution of THC-free cannabinoid (CBD) products, and real property holding. The company has four operating segments, Distribution of THC-free cannabinoid (CBD) products; Production and distribution of renewable commodities; Holding of real property; and Licensor of proprietary pyrolysis technology.

Executives

Oil Berhad Borneo	10 percent owner	1ST AND 2ND FLOOR, VICTORIA POINT,, JALAN OKK AWANG BESAR, W. P. LABUAN N8 87007
Borneo Oil & Gas Corp Sdn Bhd	10 percent owner	17TH FLOOR, MENARA HAP SENG, NO. 1 & 3, JALAN P. RAMLEE, KUALA LUMPUR N8 50250
Ming Ding Wu	director, 10 percent owner, officer: President	UNIT 1503, 15/F, THE PHOENIX, 21-25 LUARD ROAD, WANCHAI, HONG KONG K3 00000
All Fine Holdings Ltd	10 percent owner	UNIT 1503, 15/F., THE PHOENIX, 21-25 LUARD ROAD, WANCHAI, HONG KONG K3 00000
Michael Stiege	director, 10 percent owner	905 VENTURE WAY, MILL VALLEY CA 94941
Stephen Spalding	director, 10 percent owner, officer: Pres., CEO, Tres., Sec.	905 VENTURE WAY, MILL VALLEY CA 94941
Kukulcan Diversified Corp.	10 percent owner	PO BOX 1405, LOS ALTOS CA 94023