AuMega Metals (TSXV:AUM) ROCE % : -7.26% (As of Jun. 2024)

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What is AuMega 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. AuMega Metals's annualized ROCE % for the quarter that ended in Jun. 2024 was -7.26%.

AuMega Metals ROCE % Historical Data

The historical data trend for AuMega 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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AuMega Metals ROCE % Chart

AuMega Metals Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Dec23

ROCE %

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-36.40

-17.49

-15.56

-9.87

-12.97

AuMega Metals Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial										-6.54	-6.57	-7.35	-17.73	-7.26

AuMega Metals ROCE % Calculation

AuMega 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: Jun. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Jun. 2022 )		(A: Dec. 2023 )
	=	-6.346	/	( ( (47.798 - 1.878)	+	(53.64 - 1.71) )	/ 2 )
	=	-6.346	/	( (45.92	+	51.93)	/ 2 )
	=	-6.346	/	48.925
	=	-12.97 %

AuMega Metals's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-3.764	/	( ( (53.64 - 1.71)	+	(53.857 - 2.136) )	/ 2 )
	=	-3.764	/	( ( 51.93	+	51.721 )	/ 2 )
	=	-3.764	/	51.8255
	=	-7.26 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

AuMega Metals (TSXV:AUM) 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.

AuMega Metals ROCE % Related Terms

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AuMega Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » AuMega Metals Ltd (TSXV:AUM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AUMMF:USA MA30:Germany AAM:Australia

Address

24 Hasler Road, Osborne Road, Perth, WA, AUS, 6017

Website

https://www.aumegametals.com

AuMega Metals Ltd is a mineral exploration company focused on making mineral discoveries in the vastly underexplored Newfoundland, Canada. It is well positioned with a district-scale land package comprising 120-kilometres of continuous strike along the under-explored, multi-million-ounce Cape Ray Shear Zone, a prolific gold structure in Newfoundland that currently hosts mineral deposits.

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