AQPTY (Aquarius Platinum) ROCE % : -42.27% (As of Dec. 2015)

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What is Aquarius 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. Aquarius Platinum's annualized ROCE % for the quarter that ended in Dec. 2015 was -42.27%.

Aquarius Platinum ROCE % Historical Data

The historical data trend for Aquarius 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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Aquarius Platinum ROCE % Chart

Aquarius Platinum Annual Data

Trend

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

ROCE %

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4.31

-13.24

-34.86

1.40

-14.46

Aquarius Platinum Semi-Annual Data
	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15
ROCE %	Get a 7-Day Free Trial															-3.56	6.40	-16.58	-13.59	-42.27

Aquarius Platinum ROCE % Calculation

Aquarius Platinum's annualized ROCE % for the fiscal year that ended in Jun. 2015 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2015 )		(A: Jun. 2014 )		(A: Jun. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2015 )		(A: Jun. 2014 )		(A: Jun. 2015 )
	=	-80.095	/	( ( (717.475 - 40.123)	+	(594.065 - 163.481) )	/ 2 )
	=	-80.095	/	( (677.352	+	430.584)	/ 2 )
	=	-80.095	/	553.968
	=	-14.46 %

Aquarius Platinum's ROCE % of for the quarter that ended in Dec. 2015 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2015 )		(Q: Jun. 2015 )		(Q: Dec. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2015 )		(Q: Jun. 2015 )		(Q: Dec. 2015 )
	=	-153.796	/	( ( (594.065 - 163.481)	+	(333.126 - 36.026) )	/ 2 )
	=	-153.796	/	( ( 430.584	+	297.1 )	/ 2 )
	=	-153.796	/	363.842
	=	-42.27 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2015) EBIT data.

Aquarius Platinum (OTCPK:AQPTY) 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.

Aquarius Platinum ROCE % Related Terms

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Aquarius Platinum Business Description

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Website

http://www.aquariusplatinum.com

Aquarius Platinum Ltd was incorporated in Bermuda as an exempted company and is subject to Bermudian law. The Company is a producer of the platinum group metals, which comprise platinum, palladium, rhodium, osmium, ruthenium and iridium. The Ruthenium and iridium are produced in smaller quantities as co-products, with the base metals nickel, copper and chrome produced as by-products. The Company's operations include Kroondal and Mimosa. The Kroondal is located up-dip of Amplat's Rustenburg Platinum Mine, exploits the UG2 reef in the Townlands and Kroondal ore bodies via five operating decline shafts to depths of up to 700m. The Mimosa is located on the Wedza sub-chamber of the southern portion of the Great Dyke in Zimbabwe.

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