ASMMF (Australian Strategic Materials) ROCE % : -12.78% (As of Jun. 2024)

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What is Australian Strategic Materials 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. Australian Strategic Materials's annualized ROCE % for the quarter that ended in Jun. 2024 was -12.78%.

Australian Strategic Materials ROCE % Historical Data

The historical data trend for Australian Strategic Materials'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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Australian Strategic Materials ROCE % Chart

Australian Strategic Materials Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

ROCE %

-3.17

-11.13

-11.26

-10.29

Australian Strategic Materials Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial				-13.39	-8.34	-12.91	-8.04	-12.78

Australian Strategic Materials ROCE % Calculation

Australian Strategic Materials's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-16.132	/	( ( (179.342 - 15.891)	+	(171.956 - 22.01) )	/ 2 )
	=	-16.132	/	( (163.451	+	149.946)	/ 2 )
	=	-16.132	/	156.6985
	=	-10.29 %

Australian Strategic Materials'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 )
	=	-19.54	/	( ( (172.34 - 16.608)	+	(171.956 - 22.01) )	/ 2 )
	=	-19.54	/	( ( 155.732	+	149.946 )	/ 2 )
	=	-19.54	/	152.839
	=	-12.78 %

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

Australian Strategic Materials (OTCPK:ASMMF) 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.

Australian Strategic Materials ROCE % Related Terms

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Australian Strategic Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Australian Strategic Materials Ltd (OTCPK:ASMMF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ASM:Australia

Address

66 Kings Park Road, Level 4, West Perth, Perth, WA, AUS, 6005

Website

https://www.asm-au.com

Australian Strategic Materials Ltd is engaged in the business of producing and mining specialty metal and oxides. The product portfolio includes neodymium, praseodymium, zirconium, hafnium, dysprosium, terbium and niobium oxides. Its Dubbo Project includes Central Western New South Wales, Australia. The company's segment includes Corporate, Dubbo, and Korea. The company generates majority of its revenue from Korea, which includes the Korean Metals Plant.

Australian Strategic Materials Headlines

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