Antilles Gold (ASX:AAU) ROCE % : -17.50% (As of Jun. 2023)

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What is Antilles Gold 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. Antilles Gold's annualized ROCE % for the quarter that ended in Jun. 2023 was -17.50%.

Antilles Gold ROCE % Historical Data

The historical data trend for Antilles Gold'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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Antilles Gold ROCE % Chart

Antilles Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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114.28

23.77

-12.58

-33.44

-14.17

Antilles Gold Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-14.80	-12.61	-51.77	-17.50	-11.92

Antilles Gold ROCE % Calculation

Antilles Gold'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 )
	=	-4.627	/	( ( (40.813 - 10.115)	+	(43.514 - 8.892) )	/ 2 )
	=	-4.627	/	( (30.698	+	34.622)	/ 2 )
	=	-4.627	/	32.66
	=	-14.17 %

Antilles Gold's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-5.358	/	( ( (40.813 - 10.115)	+	(40.032 - 9.503) )	/ 2 )
	=	-5.358	/	( ( 30.698	+	30.529 )	/ 2 )
	=	-5.358	/	30.6135
	=	-17.50 %

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

Antilles Gold (ASX:AAU) 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.

Antilles Gold ROCE % Related Terms

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Antilles Gold (ASX:AAU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Antilles Gold Ltd (ASX:AAU) » Definitions » ROCE %

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ANTMF:USA

Address

55 Kirkham Road, Bowral, Sydney, NSW, AUS, 2576

Website

https://www.antillesgold.net

Antilles Gold Ltd is engaged in the exploration of gold and other metal deposits. The company is engaged in the development of the La Demajagua Gold/Silver Project and Las Lagunas Project. The group's main operating segments. are Las Lagunas project, its Albion/CIL plant design and the Cuban projects.