Atrum Coal (ASX:ATU) ROCE % : -45.71% (As of Jun. 2023)

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What is Atrum Coal 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. Atrum Coal's annualized ROCE % for the quarter that ended in Jun. 2023 was -45.71%.

Atrum Coal ROCE % Historical Data

The historical data trend for Atrum Coal'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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Atrum Coal ROCE % Chart

Atrum Coal Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-138.90

-155.37

-89.95

-95.03

-83.25

Atrum Coal 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															-107.35	-37.17	-247.10	-45.71	-128.99

Atrum Coal ROCE % Calculation

Atrum Coal'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 )
	=	-6.046	/	( ( (7.966 - 0.687)	+	(8.282 - 1.036) )	/ 2 )
	=	-6.046	/	( (7.279	+	7.246)	/ 2 )
	=	-6.046	/	7.2625
	=	-83.25 %

Atrum Coal'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 )
	=	-3.17	/	( ( (7.966 - 0.687)	+	(6.99 - 0.399) )	/ 2 )
	=	-3.17	/	( ( 7.279	+	6.591 )	/ 2 )
	=	-3.17	/	6.935
	=	-45.71 %

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

Atrum Coal (ASX:ATU) 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.

Atrum Coal ROCE % Related Terms

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Atrum Coal (ASX:ATU) Business Description

Industry

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Comparable Companies

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N/A

Address

Level 5, 126 Phillip Street, Sydney, NSW, AUS, 2000

Website

https://www.atrumcoal.com

Atrum Coal Ltd is engaged in hard coking coal exploration and development in Alberta, Canada and anthracite in British Columbia, Canada. Its flagship asset is the 100%-owned Elan Hard Coking Coal Project, which is located in the Crowsnest Pass area of southern Alberta, Canada. Elan hosts large-scale, shallow, thick, Tier 1 hard coking coal (HCC) deposits of the Mist Mountain Formation. Its project includes Groundhog and Panorama Anthracite Project located in northern British Columbia, Canada.

Atrum Coal (ASX:ATU) Headlines

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