Augustus Minerals (ASX:AUG) ROCE % : -8.26% (As of Dec. 2023)

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What is Augustus Minerals 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. Augustus Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -8.26%.

Augustus Minerals ROCE % Historical Data

The historical data trend for Augustus Minerals'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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Augustus Minerals ROCE % Chart

Augustus Minerals Annual Data

Trend

Jun22

Jun23

ROCE %

-17.04

-21.37

Augustus Minerals Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
ROCE %	-	-5.64	-21.09	-8.26

Augustus Minerals ROCE % Calculation

Augustus Minerals'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 )
	=	-1.807	/	( ( (2.497 - 0.115)	+	(14.875 - 0.346) )	/ 2 )
	=	-1.807	/	( (2.382	+	14.529)	/ 2 )
	=	-1.807	/	8.4555
	=	-21.37 %

Augustus Minerals'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 )
	=	-1.176	/	( ( (14.875 - 0.346)	+	(14.798 - 0.859) )	/ 2 )
	=	-1.176	/	( ( 14.529	+	13.939 )	/ 2 )
	=	-1.176	/	14.234
	=	-8.26 %

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

Augustus Minerals (ASX:AUG) 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.

Augustus Minerals ROCE % Related Terms

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Augustus Minerals (ASX:AUG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Augustus Minerals Ltd (ASX:AUG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

41 – 43 Ord Street, Level 2, West Perth, WA, AUS, 6005

Website

https://www.augustusminerals.com.au

Augustus Minerals Ltd is an Exploration Company exploring for Rare Earths, Lithium, Copper-Gold, and Nickel-copper-PGEs in a large tenement package located in the Gascoyne Province of Western Australia. The project covers approximately 3,905km2 of granted and under application tenements located in the Gascoyne Province, in the Shire of Upper Gascoyne and the Shire of Carnarvon. The company's projects include Crawford Bore Area, Lyons Central Area, Minnie Springs Area, and Mt Phillips Area.

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