Eurasia Mining (LSE:EUA) ROCE % : -72.19% (As of Jun. 2023)

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What is Eurasia 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. Eurasia Mining's annualized ROCE % for the quarter that ended in Jun. 2023 was -72.19%.

Eurasia Mining ROCE % Historical Data

The historical data trend for Eurasia 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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Eurasia Mining ROCE % Chart

Eurasia Mining Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-54.97

-15.62

-45.44

-14.88

-26.70

Eurasia Mining Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															-17.42	-12.33	23.42	-74.74	-72.19

Eurasia Mining ROCE % Calculation

Eurasia Mining's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-7.122	/	( ( (31.194 - 0.698)	+	(25.334 - 2.486) )	/ 2 )
	=	-7.122	/	( (30.496	+	22.848)	/ 2 )
	=	-7.122	/	26.672
	=	-26.70 %

Eurasia Mining'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 )
	=	-14.67	/	( ( (25.334 - 2.486)	+	(20.223 - 2.428) )	/ 2 )
	=	-14.67	/	( ( 22.848	+	17.795 )	/ 2 )
	=	-14.67	/	20.3215
	=	-72.19 %

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

Eurasia Mining (LSE:EUA) 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.

Eurasia Mining ROCE % Related Terms

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Eurasia Mining (LSE:EUA) Business Description

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

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EUH:Germany

Address

142 Cromwell Road, International House, London, GBR, SW7 4EF

Website

https://www.eurasiamining.co.uk

Eurasia Mining PLC is a mineral exploration company. The principal activities of the company and its subsidiaries involve exploring and developing platinum group metals, gold, and other minerals. It is also engaged in developing platinum, palladium and gold deposits and is currently developing two licenses which include West Kytlim in the Central Urals and Monchetundra on the Kola Peninsula in Russia. It also has an interest in non-core, mining solutions including the Kamushanovsky Uranium Project in Kyrgyzstan.

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