Ariana Resources (AQSE:AAU.GB) ROCE % : -5.80% (As of Jun. 2023)

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What is Ariana 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. Ariana Resources's annualized ROCE % for the quarter that ended in Jun. 2023 was -5.80%.

Ariana Resources ROCE % Historical Data

The historical data trend for Ariana 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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Ariana Resources ROCE % Chart

Ariana Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-6.34

-4.52

-4.99

-10.81

-2.65

Ariana Resources Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															-4.28	-14.71	3.85	-9.19	-5.80

Ariana Resources ROCE % Calculation

Ariana Resources'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 )
	=	-0.736	/	( ( (30.59 - 2.061)	+	(27.902 - 0.814) )	/ 2 )
	=	-0.736	/	( (28.529	+	27.088)	/ 2 )
	=	-0.736	/	27.8085
	=	-2.65 %

Ariana Resources'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 )
	=	-1.442	/	( ( (27.902 - 0.814)	+	(22.875 - 0.274) )	/ 2 )
	=	-1.442	/	( ( 27.088	+	22.601 )	/ 2 )
	=	-1.442	/	24.8445
	=	-5.80 %

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

Ariana Resources (AQSE:AAU.GB) 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.

Ariana Resources ROCE % Related Terms

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Ariana Resources (AQSE:AAU.GB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ariana Resources PLC (AQSE:AAU.GB) » Definitions » ROCE %

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Traded in Other Exchanges

AAU:UK

Address

45 King William Street, 2nd Floor, Regis House, London, GBR, EC4R 9AN

Website

https://www.arianaresources.com

Ariana Resources PLC involves in the acquisition, exploration, and development of gold and technology metals in Turkey and Australia. The company along with its subsidiaries focuses on the Red Rabbit Gold Project located in western Turkey and has the Salinbas,Tavsan, Ivrindi and other projects. The group currently identifies one division as an operating segment: mineral exploration. The activities for this operating segment are as follows: Mineral exploration: incorporates the acquisition, exploration and development of mineral resources. Reconciling items include non mineral exploration costs and transactions between Group and associate companies. Its geographical segments include the United Kingdom and Turkey.

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