ARYMF (Argosy Minerals) ROCE % : -324.57% (As of Jun. 2024)

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What is Argosy Minerals 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. Argosy Minerals's annualized ROCE % for the quarter that ended in Jun. 2024 was -324.57%.

Argosy Minerals ROCE % Historical Data

The historical data trend for Argosy Minerals'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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Argosy Minerals ROCE % Chart

Argosy Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-10.86

-14.21

5.15

-0.22

-13.12

Argosy Minerals 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															7.62	-6.32	3.94	-30.32	-324.57

Argosy Minerals ROCE % Calculation

Argosy Minerals'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 )
	=	-7.09	/	( ( (63.832 - 0.177)	+	(44.613 - 0.182) )	/ 2 )
	=	-7.09	/	( (63.655	+	44.431)	/ 2 )
	=	-7.09	/	54.043
	=	-13.12 %

Argosy Minerals'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 )
	=	-94.154	/	( ( (44.613 - 0.182)	+	(13.87 - 0.284) )	/ 2 )
	=	-94.154	/	( ( 44.431	+	13.586 )	/ 2 )
	=	-94.154	/	29.0085
	=	-324.57 %

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

Argosy Minerals (OTCPK:ARYMF) 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.

Argosy Minerals ROCE % Related Terms

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Argosy Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Argosy Minerals Ltd (OTCPK:ARYMF) » Definitions » ROCE %

Comparable Companies

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AM1:Germany AM1:Germany AGY:Australia

Address

22 Mount Street, Level 2, Perth, WA, AUS, 6000

Website

https://www.argosyminerals.com.au

Argosy Minerals Ltd is an Australian mineral exploration company. It is principally involved in the development of exploration projects for lithium. The projects of the company include the Rincon Lithium Project in Argentina and the exploration of the Tonopah Lithium Project in the USA.