Australian Pacific Coal (ASX:AQC) ROCE % : -8.25% (As of Dec. 2023)

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What is Australian Pacific Coal 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 Pacific Coal's annualized ROCE % for the quarter that ended in Dec. 2023 was -8.25%.

Australian Pacific Coal ROCE % Historical Data

The historical data trend for Australian Pacific Coal'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 Pacific Coal ROCE % Chart

Australian Pacific Coal Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-21.37

-27.69

Australian Pacific Coal Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-	-	-	-24.19	-8.25

Australian Pacific Coal ROCE % Calculation

Australian Pacific Coal'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 )
	=	-6.974	/	( ( (19.34 - 67.577)	+	(38.086 - 4.497) )	/ 2 )
	=	-6.974	/	( (-48.237	+	33.589)	/ 2 )
	=	-6.974	/	-7.324
	=	95.22 %

Australian Pacific Coal'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 )
	=	-3.136	/	( ( (38.086 - 4.497)	+	(55.969 - 13.504) )	/ 2 )
	=	-3.136	/	( ( 33.589	+	42.465 )	/ 2 )
	=	-3.136	/	38.027
	=	-8.25 %

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

Australian Pacific Coal (ASX:AQC) 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 Pacific Coal ROCE % Related Terms

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Australian Pacific Coal (ASX:AQC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Australian Pacific Coal Ltd (ASX:AQC) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Stair Street, Kayuga, NSW, AUS, 2333

Website

http://www.aqcltd.com

Australian Pacific Coal Ltd is engaged in the exploration, development, and production activities focused on thermal and metallurgical coal prospects. Its project portfolio includes Dartbrook, Hunter Valley, Newcastle and Mantuan Downs bentonite projects.

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