Aardvark 2 Capital (TSXV:ACCB.P) ROCE % : -10.74% (As of Mar. 2024)

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What is Aardvark 2 Capital 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. Aardvark 2 Capital's annualized ROCE % for the quarter that ended in Mar. 2024 was -10.74%.

Aardvark 2 Capital ROCE % Historical Data

The historical data trend for Aardvark 2 Capital'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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Aardvark 2 Capital ROCE % Chart

Aardvark 2 Capital Annual Data

Trend

Sep22

Sep23

ROCE %

-9.18

Aardvark 2 Capital Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial				-13.69	-2.00	-16.33	-9.49	-10.74

Aardvark 2 Capital ROCE % Calculation

Aardvark 2 Capital's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-0.037	/	( ( (0.439 - 0.017)	+	(0.399 - 0.015) )	/ 2 )
	=	-0.037	/	( (0.422	+	0.384)	/ 2 )
	=	-0.037	/	0.403
	=	-9.18 %

Aardvark 2 Capital's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-0.04	/	( ( (0.398 - 0.023)	+	(0.371 - 0.001) )	/ 2 )
	=	-0.04	/	( ( 0.375	+	0.37 )	/ 2 )
	=	-0.04	/	0.3725
	=	-10.74 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Aardvark 2 Capital (TSXV:ACCB.P) 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.

Aardvark 2 Capital ROCE % Related Terms

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Aardvark 2 Capital (TSXV:ACCB.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Aardvark 2 Capital Corp (TSXV:ACCB.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 King Street West, Suite 400, Toronto, ON, CAN, M5K 0A1

Website

Aardvark 2 Capital Corp is a capital pool company.

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