Adyton Resources (Adyton Resources) ROCE % : 2.76% (As of Dec. 2023)

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What is Adyton 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. Adyton Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.76%.

Adyton Resources ROCE % Historical Data

The historical data trend for Adyton 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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Adyton Resources ROCE % Chart

Adyton Resources Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-7.78

-60.94

-77.44

-16.58

-5.14

Adyton Resources Quarterly Data
	Dec19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial										-0.17	-7.28	-9.18	-6.68	2.76

Adyton Resources ROCE % Calculation

Adyton Resources'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 )
	=	-0.476	/	( ( (9.574 - 0.303)	+	(9.477 - 0.215) )	/ 2 )
	=	-0.476	/	( (9.271	+	9.262)	/ 2 )
	=	-0.476	/	9.2665
	=	-5.14 %

Adyton 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 )
	=	0.252	/	( ( (9.184 - 0.201)	+	(9.477 - 0.215) )	/ 2 )
	=	0.252	/	( ( 8.983	+	9.262 )	/ 2 )
	=	0.252	/	9.1225
	=	2.76 %

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

Adyton Resources (OTCPK:ADYRF) 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.

Adyton Resources ROCE % Related Terms

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Adyton Resources (Adyton Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Adyton Resources Corp (OTCPK:ADYRF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

701:Germany ADY:Canada

Address

167 Eagle Street, Level 14, Brisbane, QLD, AUS, 4000

Website

https://www.adytonresources.com

Adyton Resources Corp is focused on the development of gold and copper resources. The company's portfolio of copper/gold projects within Papua New Guinea's prolific Pacific Rim of Fire hosts a number of mines including Ok Tedi, Porgera, Lihir, and Golpu.

Adyton Resources (Adyton Resources) Headlines

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