Angkor Resources (TSXV:ANK) ROCE % : -45.33% (As of Jan. 2024)

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What is Angkor 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. Angkor Resources's annualized ROCE % for the quarter that ended in Jan. 2024 was -45.33%.

Angkor Resources ROCE % Historical Data

The historical data trend for Angkor 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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Angkor Resources ROCE % Chart

Angkor Resources Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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-27.97

-17.66

-135.43

-193.98

-108.14

Angkor Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-58.71	-122.23	-185.26	-49.24	-45.33

Angkor Resources ROCE % Calculation

Angkor Resources's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	-0.976	/	( ( (3.793 - 2.531)	+	(3.318 - 2.775) )	/ 2 )
	=	-0.976	/	( (1.262	+	0.543)	/ 2 )
	=	-0.976	/	0.9025
	=	-108.14 %

Angkor Resources's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-1.652	/	( ( (3.532 - 1.963)	+	(8.042 - 2.323) )	/ 2 )
	=	-1.652	/	( ( 1.569	+	5.719 )	/ 2 )
	=	-1.652	/	3.644
	=	-45.33 %

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

Angkor Resources (TSXV:ANK) 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.

Angkor Resources ROCE % Related Terms

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Angkor Resources (TSXV:ANK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Angkor Resources Corp (TSXV:ANK) » Definitions » ROCE %

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ANKOF:USA

Address

Box 153, Sexsmith, AB, CAN, T0H 3C0

Website

https://www.angkorresources.com

Angkor Resources Corp is engaged in the exploration and development of its mineral property interests and oil and gas interests. The firm focuses on mineral property interest located in the Kingdom of Cambodia in the provinces of Ratanakiri and Oudar Meanchey and Banteay Meanchey as well as pursuing oil and gas and other opportunities in Canada, Cambodia, and the Philippines. The company has five licenses including Banlung, Oyadao, Oyadao South, Andong Meas and Koan Nheak. The Company operates in one operating segment, which is the acquisition, exploration, and development of exploration property interests.

Executives

Delayne Weeks

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