Ausgold (ASX:AUC) ROCE % : -3.70% (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

What is Ausgold 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. Ausgold's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.70%.

Ausgold ROCE % Historical Data

The historical data trend for Ausgold'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.

* Premium members only.

Ausgold ROCE % Chart

Ausgold Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

Get a 7-Day Free Trial

-4.17

-6.73

-3.88

-6.74

-9.76

Ausgold 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															0.34	-8.09	-5.93	-3.70	-16.12

Ausgold ROCE % Calculation

Ausgold'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 )
	=	-5.176	/	( ( (73.972 - 0.925)	+	(81.546 - 1.011) )	/ 2 )
	=	-5.176	/	( (73.047	+	80.535)	/ 2 )
	=	-5.176	/	76.791
	=	-6.74 %

Ausgold'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 )
	=	-2.954	/	( ( (81.546 - 1.011)	+	(79.97 - 0.965) )	/ 2 )
	=	-2.954	/	( ( 80.535	+	79.005 )	/ 2 )
	=	-2.954	/	79.77
	=	-3.70 %

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

Ausgold (ASX:AUC) 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.

Ausgold ROCE % Related Terms

Thank you for viewing the detailed overview of Ausgold's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Ausgold Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

AU4:Germany

Address

307 Murray Street, Level 1, Perth, WA, AUS, 6000

Website

https://www.ausgoldlimited.com

Ausgold Ltd is a gold exploration and development company with a suite of projects located in Australia's mineral provinces. Its primary focus is the Katanning Gold Project (KGP), which covers the Katanning greenstone belt in south-western Western Australia. Its projects include the Katanning Gold Project, Cracow Project, Yamarna Project, and Others.

Ausgold Headlines

No Headlines