Aurora Energy Metals (ASX:1AE) ROCE % : -70.97% (As of Dec. 2023)

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What is Aurora Energy Metals 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. Aurora Energy Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was -70.97%.

Aurora Energy Metals ROCE % Historical Data

The historical data trend for Aurora Energy Metals'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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Aurora Energy Metals ROCE % Chart

Aurora Energy Metals Annual Data

Trend

Jun22

Jun23

Jun24

ROCE %

-26.98

-101.33

-82.19

Aurora Energy Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			-	-188.02	-65.26	-70.97	-98.80

Aurora Energy Metals ROCE % Calculation

Aurora Energy Metals'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 )
	=	-2.473	/	( ( (4.284 - 0.175)	+	(2.275 - 0.366) )	/ 2 )
	=	-2.473	/	( (4.109	+	1.909)	/ 2 )
	=	-2.473	/	3.009
	=	-82.19 %

Aurora Energy Metals's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-2.522	/	( ( (4.284 - 0.175)	+	(3.333 - 0.335) )	/ 2 )
	=	-2.522	/	( ( 4.109	+	2.998 )	/ 2 )
	=	-2.522	/	3.5535
	=	-70.97 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Aurora Energy Metals (ASX:1AE) 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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Aurora Energy Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Aurora Energy Metals Ltd (ASX:1AE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

245 Churchill Avenue, Suite 1, Subiaco, WA, AUS, 6008

Website

https://www.auroraenergymetals.com

Aurora Energy Metals Ltd is an Australian company focused on the exploration and development of its Aurora Project in Oregon, USA. The Company operates only in a single reportable segment, being exploration The Project hosts a defined uranium resource and is prospective for lithium.

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