Albion Resources (ASX:ALB) ROCE % : -15.61% (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Albion Resources 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. Albion Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -15.61%.

Albion Resources ROCE % Historical Data

The historical data trend for Albion Resources'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.

Albion Resources ROCE % Chart

Albion Resources Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

-9.97

-61.38

-30.41

Albion Resources Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-89.12	-38.54	-29.03	-25.53	-15.61

Albion Resources ROCE % Calculation

Albion Resources'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 )
	=	-0.879	/	( ( (2.705 - 0.149)	+	(3.274 - 0.049) )	/ 2 )
	=	-0.879	/	( (2.556	+	3.225)	/ 2 )
	=	-0.879	/	2.8905
	=	-30.41 %

Albion Resources'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 )
	=	-0.488	/	( ( (3.274 - 0.049)	+	(3.077 - 0.049) )	/ 2 )
	=	-0.488	/	( ( 3.225	+	3.028 )	/ 2 )
	=	-0.488	/	3.1265
	=	-15.61 %

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

Albion Resources (ASX:ALB) 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.

Albion Resources ROCE % Related Terms

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

Albion Resources (ASX:ALB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Albion Resources Ltd (ASX:ALB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

216 St Georges Terrace, Level 8, Perth, WA, AUS, 6000

Website

https://www.albionresources.com.au

Albion Resources Ltd is a mineral exploration company. It has built a diverse portfolio of exploration projects in Western Australia. Albion Resources is focused on the exploration for zinc, gold, nickel and other. Its projects are Lennard Shelf Project, Mongers Lake Project and Leinster Project.