Australian Critical Minerals (ASX:ACM) ROCE % : -34.84% (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Australian Critical Minerals 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. Australian Critical Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -34.84%.

Australian Critical Minerals ROCE % Historical Data

The historical data trend for Australian Critical Minerals'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.

Australian Critical Minerals ROCE % Chart

Australian Critical Minerals Annual Data

Trend

Jun22

Jun23

ROCE %

-46.40

Australian Critical Minerals Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
ROCE %	-	-26.39	-32.97	-34.84

Australian Critical Minerals ROCE % Calculation

Australian Critical Minerals's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-1.619	/	( ( (0.1 - 0.114)	+	(7.57 - 0.577) )	/ 2 )
	=	-1.619	/	( (-0.014	+	6.993)	/ 2 )
	=	-1.619	/	3.4895
	=	-46.40 %

Australian Critical Minerals'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 )
	=	-2.106	/	( ( (7.57 - 0.577)	+	(5.098 - 0) )	/ 2 )
	=	-2.106	/	( ( 6.993	+	5.098 )	/ 2 )
	=	-2.106	/	6.0455
	=	-34.84 %

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

Australian Critical Minerals (ASX:ACM) 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.

Australian Critical Minerals ROCE % Related Terms

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

Australian Critical Minerals (ASX:ACM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Australian Critical Minerals Ltd (ASX:ACM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

168 Stirling Highway, Nedlands, Perth, WA, AUS, 6009

Website

https://www.auscriticalminerals.com.au

Australian Critical Minerals Ltd is an exploration company with a focus on critical minerals, including lithium, tantalum, iron ore, gold, kaolin halloysite and rare earth elements. Its projects include Cooletha and Shaw Projects; Kojonup Project; Pilbara - Iron Ore & Gold; Rankin Dome - Rare Earths; Kondinin Project; and Beverley Project. The Company has also entered into a farm-in agreement with Kula Gold Limited under which it has acquired a right to earn up to a 51% joint venture interest in the Rankin Dome Project.