Andrada Mining (LSE:ATM) ROCE % : -12.03% (As of Aug. 2023)

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What is Andrada 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. Andrada Mining's annualized ROCE % for the quarter that ended in Aug. 2023 was -12.03%.

Andrada Mining ROCE % Historical Data

The historical data trend for Andrada 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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Andrada Mining ROCE % Chart

Andrada Mining Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

ROCE %

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-8.80

-10.56

-31.33

2.69

-22.58

Andrada Mining Semi-Annual Data
	Feb15	Feb16	Feb17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
ROCE %	Get a 7-Day Free Trial										-2.82	6.50	-22.48	-26.99	-12.03

Andrada Mining ROCE % Calculation

Andrada Mining's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	-8.3	/	( ( (37.069 - 4.187)	+	(47.468 - 6.839) )	/ 2 )
	=	-8.3	/	( (32.882	+	40.629)	/ 2 )
	=	-8.3	/	36.7555
	=	-22.58 %

Andrada Mining's ROCE % of for the quarter that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	-4.932	/	( ( (47.468 - 6.839)	+	(50.728 - 9.331) )	/ 2 )
	=	-4.932	/	( ( 40.629	+	41.397 )	/ 2 )
	=	-4.932	/	41.013
	=	-12.03 %

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

Andrada Mining (LSE:ATM) 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.

Andrada Mining ROCE % Related Terms

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Andrada Mining (LSE:ATM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Andrada Mining Ltd (LSE:ATM) » Definitions » ROCE %

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9IA:Germany

Address

Oak House, Hirzel Street, P.O. Box 282, Saint Peter Port, GGY, GY1 3RH

Website

https://www.andradamining.com

Andrada Mining Ltd is a Guernsey-based mining company. The company's geographical segments include South Africa and Namibia. The company's project consists of the Uis Tin project and Mokopane Tin project. It derives a majority of its revenue from the Namibia region. The company's asset includes Lithium Ridge (Nai-Nais), Spodumene Hill, Brandberg West.

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