ARAAF (Aclara Resources) ROCE % : -6.03% (As of Sep. 2024)

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What is Aclara Resources 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. Aclara Resources's annualized ROCE % for the quarter that ended in Sep. 2024 was -6.03%.

Aclara Resources ROCE % Historical Data

The historical data trend for Aclara Resources'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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Aclara Resources ROCE % Chart

Aclara Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-1.14

-1.30

-5.64

-9.39

Aclara Resources Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial											-5.20	-17.96	-4.05	-6.74	-6.03

Aclara Resources ROCE % Calculation

Aclara Resources'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 )
	=	-13.805	/	( ( (156.817 - 3.63)	+	(147.009 - 6.048) )	/ 2 )
	=	-13.805	/	( (153.187	+	140.961)	/ 2 )
	=	-13.805	/	147.074
	=	-9.39 %

Aclara Resources's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-9.72	/	( ( (162.425 - 3.377)	+	(167.637 - 4.295) )	/ 2 )
	=	-9.72	/	( ( 159.048	+	163.342 )	/ 2 )
	=	-9.72	/	161.195
	=	-6.03 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Aclara Resources (OTCPK:ARAAF) 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.

Aclara Resources ROCE % Related Terms

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Aclara Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aclara Resources Inc (OTCPK:ARAAF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

JD1:Germany ARA:Canada

Address

Cerro el Plomo 5630, Office 901 9th Floor, Region Metropolitana de Santiago, Las Condes, Santiago, CHL

Website

https://www.aclara-re.com

Aclara Resources Inc is a development stage company involved in the exploration of rare-earth elements, operating one business segment, which is the development of two projects called Penco Module in Chile and Carina Module in Brazil. It is focused on the development of the Penco Module and Carina Module, which contain ionic clays rich in Rare Earth Elements.