Ormonde Mining (AQSE:ORM) ROCE % : -10.85% (As of Jun. 2024)

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What is Ormonde Mining 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. Ormonde Mining's annualized ROCE % for the quarter that ended in Jun. 2024 was -10.85%.

Ormonde Mining ROCE % Historical Data

The historical data trend for Ormonde Mining'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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Ormonde Mining ROCE % Chart

Ormonde Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-6.15

-14.36

-22.83

-19.54

4.41

Ormonde Mining 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															-12.16	-26.79	-19.23	21.25	-10.85

Ormonde Mining ROCE % Calculation

Ormonde Mining'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 )
	=	0.293	/	( ( (4.378 - 0.12)	+	(9.262 - 0.233) )	/ 2 )
	=	0.293	/	( (4.258	+	9.029)	/ 2 )
	=	0.293	/	6.6435
	=	4.41 %

Ormonde Mining'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 )
	=	-0.944	/	( ( (9.262 - 0.233)	+	(8.55 - 0.172) )	/ 2 )
	=	-0.944	/	( ( 9.029	+	8.378 )	/ 2 )
	=	-0.944	/	8.7035
	=	-10.85 %

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

Ormonde Mining (AQSE:ORM) 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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Ormonde Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ormonde Mining PLC (AQSE:ORM) » Definitions » ROCE %

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N/A

Address

14-18 Main Street, Suite 2, Blackrock, Dublin, IRL, A94 N674

Website

https://ormondemining.com

Ormonde Mining PLC is a natural resource focused company with interests in Spain. The principal activity of the Company and its subsidiaries comprises acquisition, exploration and development of mineral resource projects. The Company's interests also include copper and gold exploration in several prospective areas of western Spain.