AIC Mines (ASX:A1M) ROCE % : 7.92% (As of Jun. 2024)

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What is AIC Mines 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. AIC Mines's annualized ROCE % for the quarter that ended in Jun. 2024 was 7.92%.

AIC Mines ROCE % Historical Data

The historical data trend for AIC Mines'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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AIC Mines ROCE % Chart

AIC Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Jun23

Jun24

ROCE %

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-69.55

-60.14

8.76

-4.80

6.29

AIC Mines 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															45.73	-10.14	0.22	5.35	7.92

AIC Mines ROCE % Calculation

AIC Mines'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 )
	=	13.207	/	( ( (194.7 - 18.185)	+	(266.786 - 23.417) )	/ 2 )
	=	13.207	/	( (176.515	+	243.369)	/ 2 )
	=	13.207	/	209.942
	=	6.29 %

AIC Mines'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 )
	=	16.832	/	( ( (202.406 - 20.66)	+	(266.786 - 23.417) )	/ 2 )
	=	16.832	/	( ( 181.746	+	243.369 )	/ 2 )
	=	16.832	/	212.5575
	=	7.92 %

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

AIC Mines (ASX:A1M) 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.

AIC Mines ROCE % Related Terms

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AIC Mines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » AIC Mines Ltd (ASX:A1M) » Definitions » ROCE %

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IAUFF:USA HLS:Germany HLS:Germany

Address

130 Hay Street, Suite 3, Subiaco, Perth, WA, AUS, 6008

Website

https://www.aicmines.com.au

AIC Mines Ltd is engaged in an exploration of gold and copper deposits. It holds an interest in the Marymia Project and Lamil Project. The company operates in one geographical area being Australia and two operating segments being mining and exploration and corporate activities.

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