Alice Queen (ASX:AQX) ROCE % : -719.47% (As of Dec. 2023)

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What is Alice Queen 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. Alice Queen's annualized ROCE % for the quarter that ended in Dec. 2023 was -719.47%.

Alice Queen ROCE % Historical Data

The historical data trend for Alice Queen'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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Alice Queen ROCE % Chart

Alice Queen Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-13.84

-11.70

-42.51

-240.64

Alice Queen 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															-11.58	-140.95	-471.00	-719.47	-278.61

Alice Queen ROCE % Calculation

Alice Queen'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 )
	=	-19.961	/	( ( (17.954 - 0.842)	+	(0.36 - 0.882) )	/ 2 )
	=	-19.961	/	( (17.112	+	-0.522)	/ 2 )
	=	-19.961	/	8.295
	=	-240.64 %

Alice Queen'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 )
	=	-2.162	/	( ( (0.36 - 0.882)	+	(2.082 - 0.959) )	/ 2 )
	=	-2.162	/	( ( -0.522	+	1.123 )	/ 2 )
	=	-2.162	/	0.3005
	=	-719.47 %

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

Alice Queen (ASX:AQX) 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.

Alice Queen ROCE % Related Terms

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Alice Queen Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alice Queen Ltd (ASX:AQX) » Definitions » ROCE %

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Address

568 Chapel Street, (Entrance Oxford Street), Level 2, South Yarra, Melbourne, VIC, AUS, 3141

Website

https://www.alicequeen.com.au

Alice Queen Ltd is an Australian firm involved in the mineral exploration in Australia and Fiji. Its projects include Lachlan Fold Belt, Boda East, Mendooran, Fiji and Horn Island. The firm operated only in one segment, being mineral exploration.

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