Australian Gold and Copper (ASX:AGC) ROCE % : -3.93% (As of Dec. 2023)

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What is Australian Gold and Copper 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. Australian Gold and Copper's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.93%.

Australian Gold and Copper ROCE % Historical Data

The historical data trend for Australian Gold and Copper'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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Australian Gold and Copper ROCE % Chart

Australian Gold and Copper Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

ROCE %

-10.83

-3.48

-10.30

Australian Gold and Copper Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-4.05	-2.92	-15.33	-5.27	-3.93

Australian Gold and Copper ROCE % Calculation

Australian Gold and Copper'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 )
	=	-1.752	/	( ( (17.891 - 0.201)	+	(16.48 - 0.151) )	/ 2 )
	=	-1.752	/	( (17.69	+	16.329)	/ 2 )
	=	-1.752	/	17.0095
	=	-10.30 %

Australian Gold and Copper'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 )
	=	-0.832	/	( ( (16.48 - 0.151)	+	(26.191 - 0.149) )	/ 2 )
	=	-0.832	/	( ( 16.329	+	26.042 )	/ 2 )
	=	-0.832	/	21.1855
	=	-3.93 %

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

Australian Gold and Copper (ASX:AGC) 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.

Australian Gold and Copper ROCE % Related Terms

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Australian Gold and Copper (ASX:AGC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Australian Gold and Copper Ltd (ASX:AGC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Hampden Road, Suite 7, Nedlands, Perth, WA, AUS, 6009

Website

https://www.austgoldcopper.com.au

Australian Gold and Copper Ltd is engaged in exploring and developing gold exploration projects with demonstrated high discovery potential. Its projects include the Moorefield project, Derriwong project, Rast project, Gundagai project, and Cargelligo project.