Legend Mining (ASX:LEG) ROCE % : -19.23% (As of Jun. 2024)

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What is Legend 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. Legend Mining's annualized ROCE % for the quarter that ended in Jun. 2024 was -19.23%.

Legend Mining ROCE % Historical Data

The historical data trend for Legend 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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Legend Mining ROCE % Chart

Legend Mining Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec23

ROCE %

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-9.54

-2.08

-2.24

-0.25

-10.02

Legend Mining Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															3.06	-2.77	-5.17	-14.04	-19.23

Legend Mining ROCE % Calculation

Legend Mining'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. 2021 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2021 )		(A: Dec. 2023 )
	=	-5.408	/	( ( (54.195 - 0.597)	+	(55.224 - 0.906) )	/ 2 )
	=	-5.408	/	( (53.598	+	54.318)	/ 2 )
	=	-5.408	/	53.958
	=	-10.02 %

Legend Mining's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-9.972	/	( ( (55.224 - 0.906)	+	(49.838 - 0.417) )	/ 2 )
	=	-9.972	/	( ( 54.318	+	49.421 )	/ 2 )
	=	-9.972	/	51.8695
	=	-19.23 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Legend Mining (ASX:LEG) 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.

Legend Mining ROCE % Related Terms

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Legend Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Legend Mining Ltd (ASX:LEG) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

8 Kings Park Road, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.legendmining.com.au

Legend Mining Ltd is a mineral exploration company. The Company is engaged in exploration for nickel and copper deposits in Australia. Its project Fraser Range- Rockford Project is located in the prospective Fraser Range district of Western Australia. The group has one reportable operating segment, being exploration and evaluation activities in Australia.