Ardiden (ASX:ADV) ROCE % : -6.36% (As of Dec. 2023)

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What is Ardiden 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. Ardiden's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.36%.

Ardiden ROCE % Historical Data

The historical data trend for Ardiden'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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Ardiden ROCE % Chart

Ardiden Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-9.58

-7.87

-9.47

-8.85

-7.41

Ardiden 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															-9.85	-8.69	-9.05	-4.78	-6.36

Ardiden ROCE % Calculation

Ardiden'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 )
	=	-2.519	/	( ( (27.723 - 1.709)	+	(42.287 - 0.347) )	/ 2 )
	=	-2.519	/	( (26.014	+	41.94)	/ 2 )
	=	-2.519	/	33.977
	=	-7.41 %

Ardiden'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 )
	=	-2.448	/	( ( (42.287 - 0.347)	+	(35.286 - 0.29) )	/ 2 )
	=	-2.448	/	( ( 41.94	+	34.996 )	/ 2 )
	=	-2.448	/	38.468
	=	-6.36 %

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

Ardiden (ASX:ADV) 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.

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Ardiden (ASX:ADV) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

675 Murray Street, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.ardiden.com.au

Ardiden Ltd is an Australian mineral exploration company. It is engaged in the exploration and evaluation of mineral resources. The company's project includes Pickle Lake Gold; Kasagiminnis Gold Deposit; Dorothy and Dobie Deposit; New Patricia Gold Prospect; South Limb Gold Prospect and others. Its operating segment includes Gold; Lithium and Corporate. The company generates maximum revenue from the Lithium segment.