Aranjin Resources (TSXV:ARJN) ROCE % : 5,075.86% (As of Dec. 2023)

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What is Aranjin 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. Aranjin Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was 5,075.86%.

Aranjin Resources ROCE % Historical Data

The historical data trend for Aranjin 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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Aranjin Resources ROCE % Chart

Aranjin Resources Annual Data

Trend

Nov14

Nov15

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-179.03

-1,257.53

-43.26

Aranjin Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-	-	-	-	5,075.86

Aranjin Resources ROCE % Calculation

Aranjin 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 )
	=	1.567	/	( ( (0.83 - 4.267)	+	(1.19 - 1.134) )	/ 2 )
	=	1.567	/	( (-3.437	+	0.056)	/ 2 )
	=	1.567	/	-1.6905
	=	-92.69 %

Aranjin 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	5.888	/	( ( (1.286 - 1.11)	+	(1.19 - 1.134) )	/ 2 )
	=	5.888	/	( ( 0.176	+	0.056 )	/ 2 )
	=	5.888	/	0.116
	=	5,075.86 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Aranjin Resources (TSXV:ARJN) 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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Aranjin Resources (TSXV:ARJN) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aranjin Resources Ltd (TSXV:ARJN) » Definitions » ROCE %

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FVVSF:USA

Address

18 King Street East Street, Suite 902, Toronto, ON, CAN, M5C 1C4

Website

https://www.aranjinresources.com

Aranjin Resources Ltd is engaged in the exploration and development of mineral properties in Mongolia. Its projects include the Bayan Undur Project, which comprises four mining licenses. It operates in a single segment of exploration for copper.

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