African Pioneer (FRA:9TI) ROCE % : -14.20% (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is African Pioneer 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 Pioneer's annualized ROCE % for the quarter that ended in Dec. 2023 was -14.20%.

African Pioneer ROCE % Historical Data

The historical data trend for African Pioneer'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.

* Premium members only.

African Pioneer ROCE % Chart

African Pioneer Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-43.01

-71.21

13.10

-11.86

-13.25

African Pioneer Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial					21.77	-11.31	-12.33	-11.10	-14.20

African Pioneer ROCE % Calculation

African Pioneer'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 )
	=	-0.8	/	( ( (6.429 - 0.405)	+	(6.507 - 0.455) )	/ 2 )
	=	-0.8	/	( (6.024	+	6.052)	/ 2 )
	=	-0.8	/	6.038
	=	-13.25 %

African Pioneer'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 )
	=	-0.9	/	( ( (7.065 - 0.441)	+	(6.507 - 0.455) )	/ 2 )
	=	-0.9	/	( ( 6.624	+	6.052 )	/ 2 )
	=	-0.9	/	6.338
	=	-14.20 %

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

African Pioneer (FRA:9TI) 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 Pioneer ROCE % Related Terms

Thank you for viewing the detailed overview of African Pioneer's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

African Pioneer (FRA:9TI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » African Pioneer PLC (FRA:9TI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AFP:UK

Address

19-21 Circular Road, Douglas, IMN, IM1 1AF

Website

https://www.africanpioneerplc.com

African Pioneer PLC is engaged in exploring opportunities within the natural resources sector in Sub-Saharan Africa, with a focus on base and precious metals including but not limited to copper, nickel, and zinc. The company' tends to enhance the value of its mineral resource Projects located in Namibia, Zambia, and Botswana through exploration and technical studies conducted by the company or through a joint venture or other arrangements to establish the Projects.

African Pioneer (FRA:9TI) Headlines

No Headlines