Auric Mining (ASX:AWJ) ROCE % : -11.95% (As of Jun. 2023)

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What is Auric Mining 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. Auric Mining's annualized ROCE % for the quarter that ended in Jun. 2023 was -11.95%.

Auric Mining ROCE % Historical Data

The historical data trend for Auric Mining'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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Auric Mining ROCE % Chart

Auric Mining Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-12.18

-11.23

11.24

Auric Mining Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-12.25	-11.44	-12.51	-11.95	34.20

Auric Mining ROCE % Calculation

Auric Mining's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	1.288	/	( ( (11.008 - 0.325)	+	(13.309 - 1.068) )	/ 2 )
	=	1.288	/	( (10.683	+	12.241)	/ 2 )
	=	1.288	/	11.462
	=	11.24 %

Auric Mining's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-1.24	/	( ( (11.008 - 0.325)	+	(10.26 - 0.185) )	/ 2 )
	=	-1.24	/	( ( 10.683	+	10.075 )	/ 2 )
	=	-1.24	/	10.379
	=	-11.95 %

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

Auric Mining (ASX:AWJ) 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.

Auric Mining ROCE % Related Terms

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Auric Mining (ASX:AWJ) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Tully Road, c/- Danpalo Group Pty Ltd Suite 1, East Perth, WA, AUS, 6004

Website

https://www.auricmining.com.au

Auric Mining Ltd is a mineral exploration company. It explores and develops gold projects in the Widgiemooltha regions of Western Australia. The company's gold project includes the Munda Project, Jeffreys Find gold Project, and Spargoville gold Project.

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