ANGPY (Anglo American Platinum) ROCE % : 14.62% (As of Jun. 2024)

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What is Anglo American Platinum 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. Anglo American Platinum's annualized ROCE % for the quarter that ended in Jun. 2024 was 14.62%.

Anglo American Platinum ROCE % Historical Data

The historical data trend for Anglo American Platinum'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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Anglo American Platinum ROCE % Chart

Anglo American Platinum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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36.80

46.80

95.33

52.97

14.94

Anglo American Platinum Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															62.92	48.86	18.19	12.08	14.62

Anglo American Platinum ROCE % Calculation

Anglo American Platinum'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 )
	=	1003.768	/	( ( (10238.079 - 3359.78)	+	(9081.566 - 2519.16) )	/ 2 )
	=	1003.768	/	( (6878.299	+	6562.406)	/ 2 )
	=	1003.768	/	6720.3525
	=	14.94 %

Anglo American Platinum's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	984.638	/	( ( (9081.566 - 2519.16)	+	(9713.605 - 2801.982) )	/ 2 )
	=	984.638	/	( ( 6562.406	+	6911.623 )	/ 2 )
	=	984.638	/	6737.0145
	=	14.62 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Anglo American Platinum (OTCPK:ANGPY) 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.

Anglo American Platinum ROCE % Related Terms

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Anglo American Platinum Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Anglo American Platinum Ltd (OTCPK:ANGPY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AMS:South Africa AGPPF:USA RPH1:Germany

Address

144 Oxford Road, P.O. Box 62179, Melrose, Rosebank, Marshalltown, Johannesburg, GT, ZAF, 2196

Website

https://www.angloamericanplatinum.com

Anglo American Platinum Ltd is the world's primary producer of Platinum Group Metals, which includes platinum, palladium, rhodium, iridium, ruthenium, and osmium. The company also produces base metals including copper, nickel, cobalt sulphate, sodium sulphate, chrome, and other precious metals. The primary uses of platinum group metals include jewellery, autocatalytic converters, fuel cells, air- and water-purification units, heart pacemakers, computer screens, hard disks, and fertilisers. The mining operations include managed mines, joint-venture mines, and associate mines across South Africa and Zimbabwe.