ACDC Metals (ASX:ADC) ROCE % : -8.22% (As of Dec. 2023)

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What is ACDC 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. ACDC Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was -8.22%.

ACDC Metals ROCE % Historical Data

The historical data trend for ACDC 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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ACDC Metals ROCE % Chart

ACDC Metals Annual Data

Trend

Jun22

Jun23

Jun24

ROCE %

-1.92

-10.04

-7.25

ACDC Metals Semi-Annual Data
	Jun22	Jun23	Dec23	Jun24
ROCE %	-	-	-8.22	-6.29

ACDC Metals ROCE % Calculation

ACDC Metals's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-1.121	/	( ( (11.382 - 0.107)	+	(11.281 - 0.221) )	/ 2 )
	=	-1.121	/	( (11.275	+	11.06)	/ 2 )
	=	-1.121	/	11.1675
	=	-10.04 %

ACDC 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 )
	=	-0.898	/	( ( (11.281 - 0.221)	+	(10.923 - 0.136) )	/ 2 )
	=	-0.898	/	( ( 11.06	+	10.787 )	/ 2 )
	=	-0.898	/	10.9235
	=	-8.22 %

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

ACDC Metals (ASX:ADC) 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.

ACDC Metals ROCE % Related Terms

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ACDC Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » ACDC Metals Ltd (ASX:ADC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Collins Street, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.acdcmetals.com.au

ACDC Metals Ltd is a mineral exploration company incorporated with the view of undertaking mineral exploration and resource development, focusing on heavy mineral sands projects located in Victoria, Australia, with the ultimate goal of producing heavy mineral sands (HMS) products and rare earth elements (REE) from its Victorian assets, and further developing its licensed rare earth extraction technology. It has three operating segments: Exploration and project development; Development of ACDC Metals Rare Earth Processing Plant (REPP) Project and Corporate costs.