Astute Metals NL (ASX:ASE) ROCE % : -10.13% (As of Dec. 2023)

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What is Astute Metals NL 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. Astute Metals NL's annualized ROCE % for the quarter that ended in Dec. 2023 was -10.13%.

Astute Metals NL ROCE % Historical Data

The historical data trend for Astute Metals NL'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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Astute Metals NL ROCE % Chart

Astute Metals NL Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-25.20

-12.80

-14.11

-12.59

-18.67

Astute Metals NL 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															-19.08	-9.44	-16.27	-19.29	-10.13

Astute Metals NL ROCE % Calculation

Astute Metals NL'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 )
	=	-2.828	/	( ( (11.915 - 0.757)	+	(19.98 - 0.848) )	/ 2 )
	=	-2.828	/	( (11.158	+	19.132)	/ 2 )
	=	-2.828	/	15.145
	=	-18.67 %

Astute Metals NL'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 )
	=	-2.052	/	( ( (19.98 - 0.848)	+	(21.841 - 0.44) )	/ 2 )
	=	-2.052	/	( ( 19.132	+	21.401 )	/ 2 )
	=	-2.052	/	20.2665
	=	-10.13 %

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

Astute Metals NL (ASX:ASE) 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.

Astute Metals NL ROCE % Related Terms

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Astute Metals NL (ASX:ASE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Astute Metals NL (ASX:ASE) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

189 Kent Street, Suite 6, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.aro.com.au

Astute Metals NL is a mineral resources company with a predominant focus on the exploration and development of mineral sands. The Group operated in four operating segments being Heavy minerals, Diamond Exploration, Lithium, and Gold Exploration industry in the geographical location, being Australia.

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