AFR NuVenture Resources (TSXV:AFR) ROCE % : -220.69% (As of Feb. 2024)

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What is AFR NuVenture 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. AFR NuVenture Resources's annualized ROCE % for the quarter that ended in Feb. 2024 was -220.69%.

AFR NuVenture Resources ROCE % Historical Data

The historical data trend for AFR NuVenture 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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AFR NuVenture Resources ROCE % Chart

AFR NuVenture Resources Annual Data

Trend

May13

May14

May15

May17

May18

May19

May20

May21

May22

May23

ROCE %

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-29.20

-31.79

-59.78

-79.52

AFR NuVenture Resources Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-67.62	-92.58	-97.34	-137.31	-220.69

AFR NuVenture Resources ROCE % Calculation

AFR NuVenture Resources's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	-0.534	/	( ( (1.071 - 0.129)	+	(0.469 - 0.068) )	/ 2 )
	=	-0.534	/	( (0.942	+	0.401)	/ 2 )
	=	-0.534	/	0.6715
	=	-79.52 %

AFR NuVenture Resources's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-0.384	/	( ( (0.283 - 0.061)	+	(0.181 - 0.055) )	/ 2 )
	=	-0.384	/	( ( 0.222	+	0.126 )	/ 2 )
	=	-0.384	/	0.174
	=	-220.69 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2024) EBIT data.

AFR NuVenture Resources (TSXV:AFR) 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.

AFR NuVenture Resources ROCE % Related Terms

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AFR NuVenture Resources (TSXV:AFR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » AFR NuVenture Resources Inc (TSXV:AFR) » Definitions » ROCE %

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Address

1600 - 925 West Georgia Street, Vancouver, BC, CAN, V6C 3L2

Website

https://www.afrnuventure.com

AFR NuVenture Resources Inc is an exploration stage company. It is engaged in the exploration and evaluation of assets. The Company operates in one reportable segment, which is the exploration and evaluation of mineral assets in North America. The company's project includes the New Brunswick project and the silver bell-st. Lawrence mineral exploration project.

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