Axelum Resources (PHS:AXLM) ROCE % : -21.49% (As of Dec. 2023)

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What is Axelum Resources 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. Axelum Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -21.49%.

Axelum Resources ROCE % Historical Data

The historical data trend for Axelum Resources'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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Axelum Resources ROCE % Chart

Axelum Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.97

7.33

10.27

12.95

-9.07

Axelum Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															12.87	-2.14	-1.53	-11.60	-21.49

Axelum Resources ROCE % Calculation

Axelum Resources'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 )
	=	-920.42	/	( ( (11445.626 - 1096.708)	+	(11232.239 - 1274.223) )	/ 2 )
	=	-920.42	/	( (10348.918	+	9958.016)	/ 2 )
	=	-920.42	/	10153.467
	=	-9.07 %

Axelum Resources's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-2136.128	/	( ( (11075.271 - 1153.398)	+	(11232.239 - 1274.223) )	/ 2 )
	=	-2136.128	/	( ( 9921.873	+	9958.016 )	/ 2 )
	=	-2136.128	/	9939.9445
	=	-21.49 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Axelum Resources (PHS:AXLM) 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.

Axelum Resources ROCE % Related Terms

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Axelum Resources (PHS:AXLM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Axelum Resources Corp (PHS:AXLM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tiano-Montalvan Streets, ICS Building, Cagayan de Oro, MSR, PHL, 9000

Website

https://www.axelum.ph

Axelum Resources Corp is engaged in the manufacturing and distributing of high-quality coconut products which are mostly distributed to domestic and international food and beverage companies, confectioneries, bakeries, private label supermarkets and grocery store chains, food service industries, and nutritional and personal care brands. The company's product segments are divided into coconut water, white meat (Desiccated coconut, Coconut milk powder, Coconut cream/milk, sweetened coconut), and by-products. Geographically, it derives a majority of its revenue from the Philippines and also has a presence in the United States of America and Australia.