Aura Renewable Acquisitions (LSE:ARA) ROCE % : -23.98% (As of Dec. 2023)

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

What is Aura Renewable Acquisitions 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. Aura Renewable Acquisitions's annualized ROCE % for the quarter that ended in Dec. 2023 was -23.98%.

Aura Renewable Acquisitions ROCE % Historical Data

The historical data trend for Aura Renewable Acquisitions'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.

Aura Renewable Acquisitions ROCE % Chart

Aura Renewable Acquisitions Annual Data

Trend

Dec22

Dec23

ROCE %

-21.34

Aura Renewable Acquisitions Semi-Annual Data
	Jun23	Dec23
ROCE %	-19.55	-23.98

Aura Renewable Acquisitions ROCE % Calculation

Aura Renewable Acquisitions'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 )
	=	-0.151	/	( ( (0.815 - 0.035)	+	(0.67 - 0.035) )	/ 2 )
	=	-0.151	/	( (0.78	+	0.635)	/ 2 )
	=	-0.151	/	0.7075
	=	-21.34 %

Aura Renewable Acquisitions'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 )
	=	-0.162	/	( ( (0.732 - 0.016)	+	(0.67 - 0.035) )	/ 2 )
	=	-0.162	/	( ( 0.716	+	0.635 )	/ 2 )
	=	-0.162	/	0.6755
	=	-23.98 %

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

Aura Renewable Acquisitions (LSE:ARA) 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.

Aura Renewable Acquisitions ROCE % Related Terms

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

Aura Renewable Acquisitions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Aura Renewable Acquisitions PLC (LSE:ARA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Holborn Gate, 330 High Holborn, London, GBR, WC1V 7QH

Website

https://www.aurarenewables.com

Aura Renewable Acquisitions PLC will pursue opportunities to acquire businesses in the renewable energy sector. The company intends to consider opportunities within the renewable energy sector focusing on businesses operating in the global renewable energy sector supply chain, particularly participants in the wind, solar, biomass, hydropower and green hydrogen supply chain ranging from raw materials resourcing to power generation, energy storage and recycling.