Abrasilver Resource (Abrasilver Resource) ROCE % : -29.08% (As of Dec. 2023)

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What is Abrasilver Resource 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. Abrasilver Resource's annualized ROCE % for the quarter that ended in Dec. 2023 was -29.08%.

Abrasilver Resource ROCE % Historical Data

The historical data trend for Abrasilver Resource'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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Abrasilver Resource ROCE % Chart

Abrasilver Resource Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-21.51

-24.30

-50.02

-51.96

-53.46

Abrasilver Resource 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															-59.44	-66.34	-82.19	-34.71	-29.08

Abrasilver Resource ROCE % Calculation

Abrasilver Resource'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 )
	=	-13.271	/	( ( (28.805 - 0.68)	+	(22.115 - 0.588) )	/ 2 )
	=	-13.271	/	( (28.125	+	21.527)	/ 2 )
	=	-13.271	/	24.826
	=	-53.46 %

Abrasilver Resource'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 )
	=	-6.528	/	( ( (23.648 - 0.278)	+	(22.115 - 0.588) )	/ 2 )
	=	-6.528	/	( ( 23.37	+	21.527 )	/ 2 )
	=	-6.528	/	22.4485
	=	-29.08 %

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

Abrasilver Resource (OTCPK:ABBRD) 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.

Abrasilver Resource ROCE % Related Terms

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Abrasilver Resource (Abrasilver Resource) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Abrasilver Resource Corp (OTCPK:ABBRD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

1AH0:Germany ABRA:Canada

Address

220 Bay Street, Suite 550, Toronto, ON, CAN, M5J 2W4

Website

https://www.abrasilver.com

Abrasilver Resource Corp is a mineral exploration company that offers investors exposure to silver, gold, and copper through projects at various stages of exploration, from drill-ready to PEA stage. It provides major leverage to silver and gold through its interest in the Diablillos project in the mining Salta province in Argentina.

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