Archelon Natural Resources AB (NGM:ALONNR B) ROCE % : -34.28% (As of Sep. 2023)

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What is Archelon Natural Resources AB 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. Archelon Natural Resources AB's annualized ROCE % for the quarter that ended in Sep. 2023 was -34.28%.

Archelon Natural Resources AB ROCE % Historical Data

The historical data trend for Archelon Natural Resources AB'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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Archelon Natural Resources AB ROCE % Chart

Archelon Natural Resources AB Annual Data

Trend

Dec21

Dec22

ROCE %

-26.17

Archelon Natural Resources AB Quarterly Data
	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial							-22.36	-29.40	-27.10	-34.64	-34.28

Archelon Natural Resources AB ROCE % Calculation

Archelon Natural Resources AB's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-3.894	/	( ( (20.126 - 4.766)	+	(14.775 - 0.372) )	/ 2 )
	=	-3.894	/	( (15.36	+	14.403)	/ 2 )
	=	-3.894	/	14.8815
	=	-26.17 %

Archelon Natural Resources AB's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-4.064	/	( ( (12.639 - 0.276)	+	(11.671 - 0.324) )	/ 2 )
	=	-4.064	/	( ( 12.363	+	11.347 )	/ 2 )
	=	-4.064	/	11.855
	=	-34.28 %

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

Archelon Natural Resources AB (NGM:ALONNR B) 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.

Archelon Natural Resources AB ROCE % Related Terms

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Archelon Natural Resources AB (NGM:ALONNR B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Archelon Natural Resources AB (NGM:ALONNR B) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sodra Allegatan 13, Gothenburg, SWE, 413 01

Website

https://www.archelon.se

Archelon Natural Resources AB is engaged in exploiting geo resources by identifying, refining, and creating added value in raw material-based projects, preferably in the mining and minerals sector.

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