Armada Metals (ASX:AMM) ROCE % : -29.44% (As of Jun. 2023)

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What is Armada Metals 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. Armada Metals's annualized ROCE % for the quarter that ended in Jun. 2023 was -29.44%.

Armada Metals ROCE % Historical Data

The historical data trend for Armada Metals'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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Armada Metals ROCE % Chart

Armada Metals Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-21.66

-19.40

-30.65

Armada Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-	-20.96	-20.69	-29.44	-34.84

Armada Metals ROCE % Calculation

Armada Metals'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 )
	=	-1.966	/	( ( (14.562 - 7.646)	+	(15.952 - 10.039) )	/ 2 )
	=	-1.966	/	( (6.916	+	5.913)	/ 2 )
	=	-1.966	/	6.4145
	=	-30.65 %

Armada Metals's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-1.882	/	( ( (14.562 - 7.646)	+	(13.837 - 7.969) )	/ 2 )
	=	-1.882	/	( ( 6.916	+	5.868 )	/ 2 )
	=	-1.882	/	6.392
	=	-29.44 %

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

Armada Metals (ASX:AMM) 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.

Armada Metals ROCE % Related Terms

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Armada Metals (ASX:AMM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Armada Metals Ltd (ASX:AMM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

151 Macquarie Street, Level 7, Sydney, NSW, AUS, 2000

Website

https://www.armadametals.com.au

Armada Metals Ltd is a mineral exploration and development company. It explores nickel, and copper deposits. The business is organized into one segment which is the exploration for metals in Gabon.

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