EMMRF (Emmerson Resources) ROCE % : -63.60% (As of Dec. 2023)

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What is Emmerson 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. Emmerson Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -63.60%.

Emmerson Resources ROCE % Historical Data

The historical data trend for Emmerson 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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Emmerson Resources ROCE % Chart

Emmerson Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-10.48

-10.00

-6.23

-20.55

-54.08

Emmerson Resources Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-6.14	-6.90	-32.26	-63.60	-47.43

Emmerson Resources ROCE % Calculation

Emmerson 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 )
	=	-2.36	/	( ( (19.368 - 1.345)	+	(5.437 - 0.491) )	/ 2 )
	=	-2.36	/	( (18.023	+	4.946)	/ 2 )
	=	-2.36	/	11.4845
	=	-20.55 %

Emmerson 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: 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 )
	=	-2.796	/	( ( (5.437 - 0.491)	+	(4.388 - 0.541) )	/ 2 )
	=	-2.796	/	( ( 4.946	+	3.847 )	/ 2 )
	=	-2.796	/	4.3965
	=	-63.60 %

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

Emmerson Resources (OTCPK:EMMRF) 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.

Emmerson Resources ROCE % Related Terms

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Emmerson Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Emmerson Resources Ltd (OTCPK:EMMRF) » Definitions » ROCE %

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ERM:Australia

Address

3 Kimberley Street, West Leederville, Perth, WA, AUS, 6007

Website

https://www.emmersonresources.com.au

Emmerson Resources Ltd is a gold and copper explorer resource company. The company's project includes Tennant Creek Mineral Field situated approximately 500km north of Alice Springs on the Stuart Highway, Kadungle Project, Fifield Project and Wellington Project located in New South Wales. The firm operates in one segment mineral exploration in Australia.

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