Altona Rare Earths (NEXX:ANR) ROCE % : -129.87% (As of Dec. 2023)

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What is Altona Rare Earths 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. Altona Rare Earths's annualized ROCE % for the quarter that ended in Dec. 2023 was -129.87%.

Altona Rare Earths ROCE % Historical Data

The historical data trend for Altona Rare Earths'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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Altona Rare Earths ROCE % Chart

Altona Rare Earths Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

ROCE %

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-5.54

-11.06

-135.08

Altona Rare Earths Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Jun19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Dec23
ROCE %	Get a 7-Day Free Trial															-895.59	-163.60	-79.13	-89.38	-129.87

Altona Rare Earths ROCE % Calculation

Altona Rare Earths'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 )
	=	-0.801	/	( ( (0.457 - 0.321)	+	(1.441 - 0.391) )	/ 2 )
	=	-0.801	/	( (0.136	+	1.05)	/ 2 )
	=	-0.801	/	0.593
	=	-135.08 %

Altona Rare Earths'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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	-1.324	/	( ( (1.599 - 0.917)	+	(1.961 - 0.604) )	/ 2 )
	=	-1.324	/	( ( 0.682	+	1.357 )	/ 2 )
	=	-1.324	/	1.0195
	=	-129.87 %

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

Altona Rare Earths (NEXX:ANR) 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.

Altona Rare Earths ROCE % Related Terms

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Altona Rare Earths (NEXX:ANR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Altona Rare Earths PLC (NEXX:ANR) » Definitions » ROCE %

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REE:UK

Address

Eccleston Yards, 25 Eccleston Place, London, GBR, SW1W 9NF

Website

https://www.altonare.com

Altona Rare Earths PLC is engaged in . The operating segments of the company includes Corporate and Administrative-including activities of raising finance and seeking new investment and exploration opportunities, all based in the UK; and Mineral Exploration that is all based in Mozambique. It generates maximum revenue from Corporate and Administrative Segment.

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