Auriant Mining AB (FRA:516) ROCE % : 113.62% (As of Dec. 2023)

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What is Auriant Mining AB 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. Auriant Mining AB's annualized ROCE % for the quarter that ended in Dec. 2023 was 113.62%.

Auriant Mining AB ROCE % Historical Data

The historical data trend for Auriant Mining AB'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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Auriant Mining AB ROCE % Chart

Auriant Mining AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.30

41.94

26.16

24.43

20.51

Auriant Mining AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-0.87	-5.40	-7.91	26.24	113.62

Auriant Mining AB ROCE % Calculation

Auriant Mining AB'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 )
	=	5.276	/	( ( (68.234 - 13.444)	+	(43.392 - 46.741) )	/ 2 )
	=	5.276	/	( (54.79	+	-3.349)	/ 2 )
	=	5.276	/	25.7205
	=	20.51 %

Auriant Mining AB'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	17.56	/	( ( (38.832 - 4.573)	+	(43.392 - 46.741) )	/ 2 )
	=	17.56	/	( ( 34.259	+	-3.349 )	/ 2 )
	=	17.56	/	15.455
	=	113.62 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Auriant Mining AB (FRA:516) 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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Auriant Mining AB (FRA:516) Business Description

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AUR:Sweden

Address

Box 55696, Stockholm, SWE, 102 15

Website

https://www.auriant.com

Auriant Mining AB is a Sweden-based mining company engaged in the exploration and production of gold in different regions of the Russian Federation. Its project portfolio includes Tardan, Kara-Beldyr, Staroverinskaya, and Uzhunzhul. The company derives revenue from the sale of hard rock gold, alluvial gold, and gold equivalents.

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