Aspire Mining (ASX:AKM) ROCE % : -3.61% (As of Dec. 2023)

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What is Aspire 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. Aspire Mining's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.61%.

Aspire Mining ROCE % Historical Data

The historical data trend for Aspire 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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Aspire Mining ROCE % Chart

Aspire Mining Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

ROCE %

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-18.02

-13.06

-8.52

-6.91

0.62

Aspire Mining Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-0.57	1.79	-4.04	-2.97	-3.61

Aspire Mining ROCE % Calculation

Aspire Mining's annualized ROCE % for the fiscal year that ended in Jun. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	0.423	/	( ( (69.038 - 0.225)	+	(69.01 - 0.37) )	/ 2 )
	=	0.423	/	( (68.813	+	68.64)	/ 2 )
	=	0.423	/	68.7265
	=	0.62 %

Aspire Mining'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 )
	=	-2.666	/	( ( (102.297 - 0.307)	+	(46.014 - 0.217) )	/ 2 )
	=	-2.666	/	( ( 101.99	+	45.797 )	/ 2 )
	=	-2.666	/	73.8935
	=	-3.61 %

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

Aspire Mining (ASX:AKM) 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.

Aspire Mining ROCE % Related Terms

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Aspire Mining (ASX:AKM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Aspire Mining Ltd (ASX:AKM) » Definitions » ROCE %

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WKU:Germany

Address

126-130 Phillip Street, Level 5, Sydney, NSW, AUS, 6000

Website

https://www.aspiremininglimited.com

Aspire Mining Ltd is a mineral exploration and development company. It principally engages in the business of exploring coal and progresses on the approval process for the development and funding of a rail line in northern Mongolia. It holds interests in various assets that are located in Mongolia. The company's segments include Australia, Mongolia, and Singapore. It also holds an interest in other projects such as the Ovoot coking coal, Nuurstei coal and coking coal market. The Ovoot project is a large-scale coking coal project. Majority of the company's revenue comes from Australian segment.

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