Ardea Resources (Ardea Resources) ROCE % : -14.23% (As of Dec. 2023)

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What is Ardea 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. Ardea Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -14.23%.

Ardea Resources ROCE % Historical Data

The historical data trend for Ardea 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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Ardea Resources ROCE % Chart

Ardea Resources Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-4.60

-9.53

-4.63

-4.81

-8.13

Ardea Resources Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial								-3.86	-6.94	-7.78	-8.68	-14.23

Ardea Resources ROCE % Calculation

Ardea 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 )
	=	-2.66	/	( ( (35.558 - 0.99)	+	(32.07 - 1.192) )	/ 2 )
	=	-2.66	/	( (34.568	+	30.878)	/ 2 )
	=	-2.66	/	32.723
	=	-8.13 %

Ardea 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 )
	=	-4.978	/	( ( (32.07 - 1.192)	+	(40.211 - 1.104) )	/ 2 )
	=	-4.978	/	( ( 30.878	+	39.107 )	/ 2 )
	=	-4.978	/	34.9925
	=	-14.23 %

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

Ardea Resources (OTCPK:ARRRF) 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.

Ardea Resources ROCE % Related Terms

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Ardea Resources (Ardea Resources) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

A91:Germany ARL:Australia

Address

45 Ord Street, Suite 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.ardearesources.com.au

Ardea Resources Ltd is a mineral exploration company. It is focused on cobalt, nickel and scandium project and gold exploration. The company holds interests in the Goongarrie Nickel-Cobalt Project and, Kalgoorlie Nickel Project.

Ardea Resources (Ardea Resources) Headlines

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