Jangada Mines (LSE:JAN) ROCE % : -27.71% (As of Jun. 2023)

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What is Jangada Mines 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. Jangada Mines's annualized ROCE % for the quarter that ended in Jun. 2023 was -27.71%.

Jangada Mines ROCE % Historical Data

The historical data trend for Jangada Mines'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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Jangada Mines ROCE % Chart

Jangada Mines Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Dec20

Dec21

Dec22

ROCE %

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-158.32

-831.13

1.81

-17.55

Jangada Mines Semi-Annual Data
	Jun16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial							31.50	-28.67	-14.90	-20.42	-27.71

Jangada Mines ROCE % Calculation

Jangada Mines's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-0.768	/	( ( (4.808 - 0.044)	+	(4.1 - 0.11) )	/ 2 )
	=	-0.768	/	( (4.764	+	3.99)	/ 2 )
	=	-0.768	/	4.377
	=	-17.55 %

Jangada Mines's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-1.032	/	( ( (4.1 - 0.11)	+	(3.613 - 0.154) )	/ 2 )
	=	-1.032	/	( ( 3.99	+	3.459 )	/ 2 )
	=	-1.032	/	3.7245
	=	-27.71 %

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

Jangada Mines (LSE:JAN) 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.

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Jangada Mines (LSE:JAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jangada Mines PLC (LSE:JAN) » Definitions » ROCE %

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Traded in Other Exchanges

JMU:Germany

Address

Eastcastle House 27-28, Eastcastle Street, London, GBR, W1W 8DH

Website

https://www.jangadamines.com

Jangada Mines PLC is engaged in the exploration and development of PGM mining assets in Brazil. The company's project includes the Pitombeiras project. The Pitombeiras project is contained within a single exploration license covering 1,958 hectares.