Anglesey Mining (LSE:AYM) ROCE % : -2.30% (As of Sep. 2024)

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What is Anglesey 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. Anglesey Mining's annualized ROCE % for the quarter that ended in Sep. 2024 was -2.30%.

Anglesey Mining ROCE % Historical Data

The historical data trend for Anglesey 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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Anglesey Mining ROCE % Chart

Anglesey Mining Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-0.86

-0.90

-2.69

-4.03

-5.60

Anglesey Mining Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															-4.15	-3.88	-5.28	-5.70	-2.30

Anglesey Mining ROCE % Calculation

Anglesey Mining's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-1.038	/	( ( (18.831 - 0.21)	+	(18.857 - 0.406) )	/ 2 )
	=	-1.038	/	( (18.621	+	18.451)	/ 2 )
	=	-1.038	/	18.536
	=	-5.60 %

Anglesey Mining's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	-0.432	/	( ( (18.857 - 0.406)	+	(19.428 - 0.261) )	/ 2 )
	=	-0.432	/	( ( 18.451	+	19.167 )	/ 2 )
	=	-0.432	/	18.809
	=	-2.30 %

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

Anglesey Mining (LSE:AYM) 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.

Anglesey Mining ROCE % Related Terms

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Anglesey Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Anglesey Mining PLC (LSE:AYM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

4A0:Germany

Address

Parys Mountain, Amlwch, Anglesey, GBR, LL68 9RE

Website

https://www.angleseymining.co.uk

Anglesey Mining PLC is engaged in the development of owned and managed mining projects. The company is involved in the business of exploring and evaluating the wholly-owned Parys Mountain project in North Wales, managing its interest in the Grangesberg properties, and has an investment in the Labrador iron project in eastern Canada. Its activities comprise one class of business which is mine exploration, evaluation, and development. The company's geographical segments include Sweden, Canada, and the United Kingdom.

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