Anglo Asian Mining (FRA:A4A) ROCE % : -6.76% (As of Jun. 2024)

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What is Anglo Asian 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. Anglo Asian Mining's annualized ROCE % for the quarter that ended in Jun. 2024 was -6.76%.

Anglo Asian Mining ROCE % Historical Data

The historical data trend for Anglo Asian 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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Anglo Asian Mining ROCE % Chart

Anglo Asian Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.59

22.46

8.64

5.35

-20.18

Anglo Asian Mining Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															7.73	2.81	2.53	-43.48	-6.76

Anglo Asian Mining ROCE % Calculation

Anglo Asian 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 )
	=	-27.638	/	( ( (171.032 - 17.452)	+	(141.809 - 21.443) )	/ 2 )
	=	-27.638	/	( (153.58	+	120.366)	/ 2 )
	=	-27.638	/	136.973
	=	-20.18 %

Anglo Asian Mining'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 )
	=	-7.944	/	( ( (141.809 - 21.443)	+	(145.29 - 30.772) )	/ 2 )
	=	-7.944	/	( ( 120.366	+	114.518 )	/ 2 )
	=	-7.944	/	117.442
	=	-6.76 %

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

Anglo Asian Mining (FRA:A4A) 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.

Anglo Asian Mining ROCE % Related Terms

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Anglo Asian Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Anglo Asian Mining PLC (FRA:A4A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AGXKF:USA AAZ.GB:UK AAZ:UK

Address

2 Izmir Street, 3rd Floor, Tower 2, Hyatt Regency Business Centre, Baku, AZE, AZ1065

Website

https://www.angloasianmining.com

Anglo Asian Mining PLC owns and operates gold, silver, and copper producing properties in the Republic of Azerbaijan. It has a substantial portfolio of greenfield assets in areas such as Gilar, Zafar, Xarxar, Garadag, and others all of them hosting substantial ore deposits. The company's mining operations mainly comprise its producing assets, the Gedabek and Gadir mines, and related exploration and development at its Gedabek mining concession. Its revenue consists of sales to third parties of gold contained within dore, gold and silver bullion to its refiners, and gold and copper concentrate. Key revenue is generated from the sales of gold within dore and gold bullion.

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