Aura Energy (Aura Energy) ROCE % : -12.55% (As of Dec. 2023)

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What is Aura Energy 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. Aura Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was -12.55%.

Aura Energy ROCE % Historical Data

The historical data trend for Aura Energy'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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Aura Energy ROCE % Chart

Aura Energy Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-13.21

-25.21

-14.19

-10.68

-16.52

Aura Energy Semi-Annual Data
	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													-5.14	-16.68	-16.88	-18.16	-12.55

Aura Energy ROCE % Calculation

Aura Energy'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 )
	=	-4.158	/	( ( (24.532 - 0.909)	+	(27.766 - 1.053) )	/ 2 )
	=	-4.158	/	( (23.623	+	26.713)	/ 2 )
	=	-4.158	/	25.168
	=	-16.52 %

Aura Energy'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 )
	=	-3.274	/	( ( (27.766 - 1.053)	+	(28.049 - 2.59) )	/ 2 )
	=	-3.274	/	( ( 26.713	+	25.459 )	/ 2 )
	=	-3.274	/	26.086
	=	-12.55 %

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

Aura Energy (OTCPK:AUEEF) 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.

Aura Energy ROCE % Related Terms

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Aura Energy (Aura Energy) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Aura Energy Ltd (OTCPK:AUEEF) » Definitions » ROCE %

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AURA:UK VU1:Germany AEE:Australia

Address

35 Collins Street, Level 30, Melbourne, VIC, AUS, 3000

Website

https://www.auraenergy.com.au

Aura Energy Ltd is an Australian based minerals company. The company is engaged in the exploration and evaluation of uranium, vanadium and gold and base metals in Mauritania and Sweden. Its project includes Tiris Uranium and Haggan project.

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