Acacia Coal (ASX:SPN) ROCE % : -9.53% (As of Dec. 2019)

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What is Acacia 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. Acacia Coal's annualized ROCE % for the quarter that ended in Dec. 2019 was -9.53%.

Acacia Coal ROCE % Historical Data

The historical data trend for Acacia 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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Acacia Coal ROCE % Chart

Acacia Coal Annual Data

Trend

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

ROCE %

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-147.23

-55.09

-77.83

-32.88

-23.15

Acacia Coal Semi-Annual Data
	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20
ROCE %	Get a 7-Day Free Trial															-40.78	-50.62	-8.51	-9.53	-36.74

Acacia Coal ROCE % Calculation

Acacia Coal's annualized ROCE % for the fiscal year that ended in Jun. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2020 )		(A: Jun. 2019 )		(A: Jun. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2020 )		(A: Jun. 2019 )		(A: Jun. 2020 )
	=	-0.576	/	( ( (2.823 - 0.062)	+	(2.274 - 0.059) )	/ 2 )
	=	-0.576	/	( (2.761	+	2.215)	/ 2 )
	=	-0.576	/	2.488
	=	-23.15 %

Acacia Coal's ROCE % of for the quarter that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2019 )		(Q: Jun. 2019 )		(Q: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2019 )		(Q: Jun. 2019 )		(Q: Dec. 2019 )
	=	-0.258	/	( ( (2.823 - 0.062)	+	(2.679 - 0.028) )	/ 2 )
	=	-0.258	/	( ( 2.761	+	2.651 )	/ 2 )
	=	-0.258	/	2.706
	=	-9.53 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2019) EBIT data.

Acacia Coal (ASX:SPN) 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.

Acacia Coal ROCE % Related Terms

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Acacia Coal (ASX:SPN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Acacia Coal Ltd (ASX:SPN) » Definitions » ROCE %

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Address

Ground Floor, 16 Ord Street, West Perth, Perth, NSW, AUS, 6005

Website

http://www.acaciacoal.com.au

Acacia Coal Ltd is engaged in coal exploration and mine development company. It is engaged in the exploration and project development of the Riverside Anthracite (RAC) project. The RAC project is located at the southern portion of the Vryheid Coalfield near the magisterial district of Vryheid in Kwa-Zulu Natal, South Africa. It also has two exploration projects namely Mt Bruce Project and the Mt Windarra Project located in the Pilbara and Goldfields regions of Western Australia which are prospective for cobalt, copper, and nickel.

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