Asiamet Resources (Asiamet Resources) ROCE % : -161.58% (As of Dec. 2023)

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What is Asiamet Resources 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. Asiamet Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -161.58%.

Asiamet Resources ROCE % Historical Data

The historical data trend for Asiamet Resources'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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Asiamet Resources ROCE % Chart

Asiamet Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-180.52

-7,896.15

-152.48

-111.27

-127.93

Asiamet Resources Semi-Annual Data
	Jun14	Dec14	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															-75.15	-130.51	-140.52	-192.80	-161.58

Asiamet Resources ROCE % Calculation

Asiamet Resources'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 )
	=	-5.228	/	( ( (5.381 - 1.004)	+	(4.362 - 0.566) )	/ 2 )
	=	-5.228	/	( (4.377	+	3.796)	/ 2 )
	=	-5.228	/	4.0865
	=	-127.93 %

Asiamet Resources'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 )
	=	-4.512	/	( ( (2.426 - 0.637)	+	(4.362 - 0.566) )	/ 2 )
	=	-4.512	/	( ( 1.789	+	3.796 )	/ 2 )
	=	-4.512	/	2.7925
	=	-161.58 %

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

Asiamet Resources (OTCPK:KMGLF) 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.

Asiamet Resources ROCE % Related Terms

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Asiamet Resources (Asiamet Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Asiamet Resources Ltd (OTCPK:KMGLF) » Definitions » ROCE %

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Traded in Other Exchanges

ARS:UK

Address

303 CollinsStreet, Level 17, Melbourne, VIC, AUS, 3000

Website

https://www.asiametresources.com

Asiamet Resources Ltd is a dynamic junior company focused on the exploration and development of its portfolio of large copper-gold deposits on the Indonesian islands of Kalimantan and Sumatra, adjacent to the key growth markets in Asia. The company's only segment is mineral exploration and development. Its project includes Beutong copper-gold, the KSK copper project, BKZ polymetallic project, and KSK prospects.

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