African Pioneer (LSE:AFP) ROCE %: -9.69% (As of Dec. 2025)


What is African Pioneer ROCE %?

African Pioneer LSE:AFP +5.63% ROCE % is -9.69% as of Dec. 2025. The stock has 4 warning signs investors should review.

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. 2025 was -9.69%.

African Pioneer  (LSE:AFP) 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

African Pioneer ROCE % Historical Data

* Premium members only.

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.

African Pioneer ROCE % Chart

African Pioneer Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial 13.10 -12.00 -13.18 -13.21 -12.23

African Pioneer Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -14.24 -12.71 -13.77 -14.14 -9.69

African Pioneer ROCE % Calculation

African Pioneer's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-0.557/( ( (5.458 - 0.817) + (5.653 - 1.186) )/ 2 )
=-0.557/( (4.641+4.467)/ 2 )
=-0.557/4.554
=-12.23 %

African Pioneer's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=-0.448/( ( (5.55 - 0.769) + (5.653 - 1.186) )/ 2 )
=-0.448/( ( 4.781 + 4.467 )/ 2 )
=-0.448/4.624
=-9.69 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -9.69% mean?
African Pioneer (LSE:AFP) has a ROCE % of -9.69% as of Dec. 2025.
Is African Pioneer's ROCE % too high?
African Pioneer's current ROCE % is -9.69%.
How does African Pioneer's ROCE % compare to competitors?
African Pioneer's ROCE % of -9.69% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Metals & Mining company?
A good ROCE % depends on the Metals & Mining industry context. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. African Pioneer's current ROCE % is -9.69%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is African Pioneer stock overvalued right now?
African Pioneer (LSE:AFP) has a current ROCE % of -9.69%. The current ROCE % is -9.69%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For African Pioneer (LSE:AFP), the current ROCE % is -9.69% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

African Pioneer Business Description

Address 19-21 Circular Road, Douglas, IMN, IM1 1AF
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. Its project portfolio comprises the Ongombo and Ongeama projects, Kalahari Copper Belt, Limpopo Mobile Belt, Central African Copperbelt, and the Zambezi Belt Copper and Gold projects.