Australian Mines (ASX:AUZ) ROCE % : -4.01% (As of Dec. 2024)

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What is Australian Mines 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 Mines's annualized ROCE % for the quarter that ended in Dec. 2024 was -4.01%.

Australian Mines ROCE % Historical Data

The historical data trend for Australian Mines'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 Mines ROCE % Chart

Australian Mines Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-9.24

-8.38

-14.94

-8.01

-7.92

Australian Mines Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															-7.33	-8.41	-9.79	-6.76	-4.01

Australian Mines ROCE % Calculation

Australian Mines'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 )
	=	-3.493	/	( ( (45.315 - 3.846)	+	(46.978 - 0.258) )	/ 2 )
	=	-3.493	/	( (41.469	+	46.72)	/ 2 )
	=	-3.493	/	44.0945
	=	-7.92 %

Australian Mines'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 )
	=	-1.856	/	( ( (46.978 - 0.258)	+	(45.948 - 0.12) )	/ 2 )
	=	-1.856	/	( ( 46.72	+	45.828 )	/ 2 )
	=	-1.856	/	46.274
	=	-4.01 %

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

Australian Mines (ASX:AUZ) 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 Mines ROCE % Related Terms

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Australian Mines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Australian Mines Ltd (ASX:AUZ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AMSLF:USA MJH:Germany

Address

1 Eagle Street, Level 34, Brisbane, QLD, AUS, 4000

Website

https://www.australianmines.com.au

Australian Mines Ltd is a resource company. It is engaged in the exploration of battery metals. The company is developing cobalt-scandium-nickel projects in Australia. Its projects include the Sconi project, Flemington project, Thackaringa Cobalt project, and Bell Creek Nickel- cobalt Project. The company operates in two operating segments based on geographical location: Australia and Brazil.

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