Aldoro Resources (ASX:ARN) ROCE % : -45.05% (As of Dec. 2024)

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What is Aldoro Resources 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. Aldoro Resources's annualized ROCE % for the quarter that ended in Dec. 2024 was -45.05%.

Aldoro Resources ROCE % Historical Data

The historical data trend for Aldoro Resources'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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Aldoro Resources ROCE % Chart

Aldoro Resources Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-30.50

-36.55

-20.77

-41.64

-22.55

Aldoro Resources Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial								-10.34	-65.47	-14.49	-29.93	-45.05

Aldoro Resources ROCE % Calculation

Aldoro Resources'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 )
	=	-2.705	/	( ( (13.231 - 0.49)	+	(11.413 - 0.167) )	/ 2 )
	=	-2.705	/	( (12.741	+	11.246)	/ 2 )
	=	-2.705	/	11.9935
	=	-22.55 %

Aldoro Resources's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	-5.232	/	( ( (11.413 - 0.167)	+	(12.034 - 0.053) )	/ 2 )
	=	-5.232	/	( ( 11.246	+	11.981 )	/ 2 )
	=	-5.232	/	11.6135
	=	-45.05 %

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

Aldoro Resources (ASX:ARN) 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.

Aldoro Resources ROCE % Related Terms

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Aldoro Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aldoro Resources Ltd (ASX:ARN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Railway Road, Suite 11 and 12, Level 2, Subiaco, Perth, WA, AUS, 6008

Website

https://www.aldororesources.com

Aldoro Resources Ltd is a mineral exploration and development company. It has a collection of rare earths and nickel focused exploration projects all located in Western Australia and Namibia. The company's projects include the Kameelburg REE and Niobium Project, the Wyemandoo Critical Minerals Project, the Niobe, and the Narndee Project.

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