Atalaya Mining (LSE:ATYM) ROCE % : 1.30% (As of Dec. 2023)

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What is Atalaya Mining 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. Atalaya Mining's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.30%.

Atalaya Mining ROCE % Historical Data

The historical data trend for Atalaya Mining'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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Atalaya Mining ROCE % Chart

Atalaya Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.88

8.67

35.49

6.60

7.41

Atalaya Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															4.46	11.35	8.81	8.47	1.30

Atalaya Mining ROCE % Calculation

Atalaya Mining'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 )
	=	33.956	/	( ( (576.675 - 126.568)	+	(577.698 - 110.902) )	/ 2 )
	=	33.956	/	( (450.107	+	466.796)	/ 2 )
	=	33.956	/	458.4515
	=	7.41 %

Atalaya Mining'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	6.032	/	( ( (571.105 - 107.624)	+	(577.698 - 110.902) )	/ 2 )
	=	6.032	/	( ( 463.481	+	466.796 )	/ 2 )
	=	6.032	/	465.1385
	=	1.30 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Atalaya Mining (LSE:ATYM) 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.

Atalaya Mining ROCE % Related Terms

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Atalaya Mining (LSE:ATYM) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Atalaya Mining PLC (LSE:ATYM) » Definitions » ROCE %

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ATLMF:USA E5S1:Germany

Address

1 Lampousa Street, Nicosia, CYP, 1095

Website

https://www.atalayamining.com

Atalaya Mining PLC is a European mining and development company. The strategy is to evaluate and prioritise metal production opportunities in several jurisdictions throughout the well-known belts of base and precious metal mineralisation in Spain, elsewhere in European and Latin America. The Group currently owns four mining projects, namely, Proyecto Riotinto, Proyecto Touro, Proyecto Masa Valverde and Proyecto Ossa Morena. In addition, the company has an earn-in agreement to acquire three investigation permits at Proyecto Riotinto Este. The Group's mining activities are located in Spain.

Atalaya Mining (LSE:ATYM) Headlines

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