Akwaaba Mining (TSXV:AML) ROCE % : -8.19% (As of Dec. 2023)

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What is Akwaaba Mining 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. Akwaaba Mining's annualized ROCE % for the quarter that ended in Dec. 2023 was -8.19%.

Akwaaba Mining ROCE % Historical Data

The historical data trend for Akwaaba Mining'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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Akwaaba Mining ROCE % Chart

Akwaaba Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-5.44

-5.50

-5.14

-4.16

-5.06

Akwaaba Mining 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															-1.45	-5.10	-6.66	-2.15	-8.19

Akwaaba Mining ROCE % Calculation

Akwaaba Mining'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 )
	=	-0.204	/	( ( (4.23 - 0.143)	+	(4.365 - 0.384) )	/ 2 )
	=	-0.204	/	( (4.087	+	3.981)	/ 2 )
	=	-0.204	/	4.034
	=	-5.06 %

Akwaaba Mining'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 )
	=	-0.332	/	( ( (4.44 - 0.309)	+	(4.365 - 0.384) )	/ 2 )
	=	-0.332	/	( ( 4.131	+	3.981 )	/ 2 )
	=	-0.332	/	4.056
	=	-8.19 %

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

Akwaaba Mining (TSXV:AML) 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.

Akwaaba Mining ROCE % Related Terms

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Akwaaba Mining (TSXV:AML) Business Description

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CPKOF:USA

Address

No. 2411 Bennie Place, Port Coquitlam, BC, CAN, V3B 7M6

Website

https://castlepeakmining.com

Akwaaba Mining Ltd is a Canadian-based exploration company. It is focused on the acquisition, exploration, and evaluation of gold properties. It operates through the segment of acquisition, exploration, and evaluation of exploration and evaluation assets in Ghana. The company holds an interest in the Akorade Project Gold Properties, located in southwest Ghana, in the southern portion of the Ashanti gold belt.

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