Aeris Resources (ASX:AIS) ROCE % : -4.95% (As of Dec. 2023)

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What is Aeris 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. Aeris Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.95%.

Aeris Resources ROCE % Historical Data

The historical data trend for Aeris 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.

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Aeris Resources ROCE % Chart

Aeris Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-0.11

-25.84

36.00

3.72

-34.79

Aeris Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															13.15	-3.73	-21.64	-38.22	-4.95

Aeris Resources ROCE % Calculation

Aeris 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 )
	=	-132.386	/	( ( (438.157 - 86.132)	+	(570.504 - 161.383) )	/ 2 )
	=	-132.386	/	( (352.025	+	409.121)	/ 2 )
	=	-132.386	/	380.573
	=	-34.79 %

Aeris 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 )
	=	-21.456	/	( ( (570.504 - 161.383)	+	(579.923 - 122.802) )	/ 2 )
	=	-21.456	/	( ( 409.121	+	457.121 )	/ 2 )
	=	-21.456	/	433.121
	=	-4.95 %

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

Aeris Resources (ASX:AIS) 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.

Aeris Resources ROCE % Related Terms

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Aeris Resources (ASX:AIS) Business Description

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

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ARSRF:USA

Address

120 Edward Street, Level 6, Brisbane, QLD, AUS, 4000

Website

https://www.aerisresources.com.au

Aeris Resources Ltd is a mineral exploration and production company. It engages in mineral production and sale of copper, gold, and silver and the exploration of copper. Business operating segments are organized into 6 divisions being: Tritton Copper Operations (Tritton) in New South Wales; Cracow Gold Operations (Cracow) in Queensland; North West Copper Operations (North West) in Queensland, Jaguar Zinc and Copper Operations (Jaguar) in Western Australia; Stockman Copper and Zinc Project (Stockman) in Victoria; and Others, representing corporate activities. Substantial revenue is generated from Tritton Copper Operation.

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