African Gold (FRA:8XJ) ROCE % : -100.69% (As of Jun. 2024)

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What is African Gold 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. African Gold's annualized ROCE % for the quarter that ended in Jun. 2024 was -100.69%.

African Gold ROCE % Historical Data

The historical data trend for African Gold'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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African Gold ROCE % Chart

African Gold Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-18.55

-13.44

-29.08

-18.11

-16.68

African Gold Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial						-19.82	-18.17	-14.24	-18.45	-100.69

African Gold ROCE % Calculation

African Gold'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 )
	=	-1.116	/	( ( (7.425 - 0.368)	+	(6.916 - 0.591) )	/ 2 )
	=	-1.116	/	( (7.057	+	6.325)	/ 2 )
	=	-1.116	/	6.691
	=	-16.68 %

African Gold's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-5.458	/	( ( (6.916 - 0.591)	+	(5.362 - 0.846) )	/ 2 )
	=	-5.458	/	( ( 6.325	+	4.516 )	/ 2 )
	=	-5.458	/	5.4205
	=	-100.69 %

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

African Gold (FRA:8XJ) 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.

African Gold ROCE % Related Terms

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African Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » African Gold Ltd (FRA:8XJ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

8XJ:Germany A1G:Australia

Address

513 Hay Street, Level 1, Suite 23, Subiaco, WA, AUS, 6008

Website

https://www.african-gold.com

African Gold Ltd is involved in exploration and evaluation of mineral resources and pursuing various investment opportunities in the resources sector designed to add shareholder value by acquiring, exploring, evaluating and exploiting mineral resource project opportunities in Africa. The company's operating segment includes Exploration and evaluation of Minerals in Cote d'Ivoire and Exploration and evaluation of Minerals in Mali.

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