ABx Group (ABx Group) ROCE % : -23.66% (As of Dec. 2023)

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What is ABx Group 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. ABx Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -23.66%.

ABx Group ROCE % Historical Data

The historical data trend for ABx Group'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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ABx Group ROCE % Chart

ABx Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-14.47

-3.68

-35.39

-22.63

-20.41

ABx Group 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															-53.46	-11.87	-34.13	-14.79	-23.66

ABx Group ROCE % Calculation

ABx Group'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 )
	=	-2.183	/	( ( (10.936 - 1.972)	+	(14.482 - 2.05) )	/ 2 )
	=	-2.183	/	( (8.964	+	12.432)	/ 2 )
	=	-2.183	/	10.698
	=	-20.41 %

ABx Group'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 )
	=	-2.848	/	( ( (13.632 - 1.985)	+	(14.482 - 2.05) )	/ 2 )
	=	-2.848	/	( ( 11.647	+	12.432 )	/ 2 )
	=	-2.848	/	12.0395
	=	-23.66 %

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

ABx Group (OTCPK:AUSBF) 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.

ABx Group ROCE % Related Terms

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ABx Group (ABx Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » ABx Group Ltd (OTCPK:AUSBF) » Definitions » ROCE %

Traded in Other Exchanges

ABX:Australia

Address

Level 5, 52 Phillip Street, Sydney, NSW, AUS, 2000

Website

https://www.abxgroup.com.au

ABx Group Ltd is a bauxite exploration and development company. It explores and develops bauxite in Queensland, New South Wales, and Tasmania. It operates in the mineral, exploration, and development of resources in Australia. Its projects include Binjour Project, Rare Earth elements and Tasmanian Project.

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