Alaska Energy Metals (Alaska Energy Metals) ROCE % : -120.11% (As of Dec. 2023)

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What is Alaska Energy 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. Alaska Energy Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was -120.11%.

Alaska Energy Metals ROCE % Historical Data

The historical data trend for Alaska Energy 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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Alaska Energy Metals ROCE % Chart

Alaska Energy Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-88.28

-27.97

-35.51

-28.43

-72.91

Alaska Energy Metals 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															-61.40	-21.50	-101.70	-94.53	-120.11

Alaska Energy Metals ROCE % Calculation

Alaska Energy 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: 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 )
	=	-7.289	/	( ( (4.625 - 0.738)	+	(16.83 - 0.723) )	/ 2 )
	=	-7.289	/	( (3.887	+	16.107)	/ 2 )
	=	-7.289	/	9.997
	=	-72.91 %

Alaska Energy Metals'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 )
	=	-16.532	/	( ( (12.175 - 0.753)	+	(16.83 - 0.723) )	/ 2 )
	=	-16.532	/	( ( 11.422	+	16.107 )	/ 2 )
	=	-16.532	/	13.7645
	=	-120.11 %

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

Alaska Energy Metals (OTCPK:AKEMF) 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.

Alaska Energy Metals ROCE % Related Terms

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Alaska Energy Metals (Alaska Energy Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alaska Energy Metals Corp (OTCPK:AKEMF) » Definitions » ROCE %

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V7F:Germany AEMC:Canada

Address

355 Burrard Street, Suite 1000, Vancouver, BC, CAN, V6C 2G8

Website

https://www.millrockresources.com

Alaska Energy Metals Corp is a Canada-based company engaged in the business activities of exploration and development of mineral resources. Through research and early-stage exploration, the company generates new exploration ideas, acquires mineral rights, and performs exploration work to identify drilling targets. The company derives revenue from contracts with customers through overhead recovery fees and exploration services. Its geographical segments include the USA, Mexico, and Canada, where the majority of its revenue comes from the USA.