Ascot Resources (TSX:AOT) ROCE % : 2.01% (As of Dec. 2023)

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What is Ascot 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. Ascot Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.01%.

Ascot Resources ROCE % Historical Data

The historical data trend for Ascot 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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Ascot Resources ROCE % Chart

Ascot Resources Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.75

-4.40

-1.18

-3.21

-1.99

Ascot 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															-6.68	-6.83	-1.14	-1.04	2.01

Ascot Resources ROCE % Calculation

Ascot 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 )
	=	-9.258	/	( ( (379.096 - 30.317)	+	(630.388 - 50.76) )	/ 2 )
	=	-9.258	/	( (348.779	+	579.628)	/ 2 )
	=	-9.258	/	464.2035
	=	-1.99 %

Ascot 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 )
	=	11.42	/	( ( (602.957 - 44.212)	+	(630.388 - 50.76) )	/ 2 )
	=	11.42	/	( ( 558.745	+	579.628 )	/ 2 )
	=	11.42	/	569.1865
	=	2.01 %

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

Ascot Resources (TSX:AOT) 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.

Ascot Resources ROCE % Related Terms

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Ascot Resources (TSX:AOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ascot Resources Ltd (TSX:AOT) » Definitions » ROCE %

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AOTVF:USA BHQ:Germany

Address

1095 West Pender Street, Suite 1050, Vancouver, BC, CAN, V6E 2M6

Website

https://www.ascotgold.com

Ascot Resources Ltd is a development and exploration company. It is a focused gold and silver explorer with a portfolio of advanced and grassroots projects in the Golden Triangle region of British Columbia. It holds an interest in Premier Gold Project and Red Mountain Project. The company also has two other properties; Swamp Point, an aggregate project located in British Columbia on the Portland Canal, and Mt. Margaret, a porphyry copper-molybdenum-gold-silver deposit located in Washington State, USA.

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