AUCCF (Ibero Mining) ROCE % : -592.82% (As of Sep. 2024)

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What is Ibero 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. Ibero Mining's annualized ROCE % for the quarter that ended in Sep. 2024 was -592.82%.

Ibero Mining ROCE % Historical Data

The historical data trend for Ibero 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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Ibero Mining ROCE % Chart

Ibero Mining Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-112.87

-39.16

-72.38

-44.28

-44.38

Ibero Mining Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-22.12	-62.92	-43.56	-55.94	-592.82

Ibero Mining ROCE % Calculation

Ibero 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 )
	=	-0.496	/	( ( (1.301 - 0.082)	+	(1.073 - 0.057) )	/ 2 )
	=	-0.496	/	( (1.219	+	1.016)	/ 2 )
	=	-0.496	/	1.1175
	=	-44.38 %

Ibero Mining's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-3.056	/	( ( (0.959 - 0.194)	+	(0.474 - 0.208) )	/ 2 )
	=	-3.056	/	( ( 0.765	+	0.266 )	/ 2 )
	=	-3.056	/	0.5155
	=	-592.82 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Ibero Mining (OTCPK:AUCCF) 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.

Ibero Mining ROCE % Related Terms

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Ibero Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ibero Mining Corp (OTCPK:AUCCF) » Definitions » ROCE %

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IMC:Canada

Address

1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

http://www.IberoMining.Ca

Ibero Mining Corp is focused on exploring and advancing gold and copper assets in Portugal. It holds several brownfield gold and copper-gold projects with near term mining potential.