Azure Minerals (ASX:AZS) ROCE % : -75.27% (As of Dec. 2023)

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What is Azure Minerals 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. Azure Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -75.27%.

Azure Minerals ROCE % Historical Data

The historical data trend for Azure Minerals'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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Azure Minerals ROCE % Chart

Azure Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-91.15

-72.59

-62.29

-51.05

-100.98

Azure Minerals Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-54.93	-47.35	-68.39	-137.52	-75.27

Azure Minerals ROCE % Calculation

Azure Minerals'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 )
	=	-29.121	/	( ( (28.27 - 2.039)	+	(34.875 - 3.429) )	/ 2 )
	=	-29.121	/	( (26.231	+	31.446)	/ 2 )
	=	-29.121	/	28.8385
	=	-100.98 %

Azure Minerals'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 )
	=	-61.192	/	( ( (34.875 - 3.429)	+	(136.599 - 5.448) )	/ 2 )
	=	-61.192	/	( ( 31.446	+	131.151 )	/ 2 )
	=	-61.192	/	81.2985
	=	-75.27 %

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

Azure Minerals (ASX:AZS) 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.

Azure Minerals ROCE % Related Terms

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Azure Minerals (ASX:AZS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Azure Minerals Ltd (ASX:AZS) » Definitions » ROCE %

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AZRMF:USA

Address

34 Colin Street, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.azureminerals.com.au

Azure Minerals Ltd is a mineral exploration company focusing on precious and base metal projects in northern Mexico. The business has one operating segment being mineral exploration.The company's project includes Oposura a high grade, sulphide-hosted, zinc-lead-silver deposit located in Mexico. Its Alacran projects host the Mesa de Plata deposits and Loma Bonita deposits in Mexico. Substantial revenue comes from Mexico operations.

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