ATEX Resources (TSXV:ATX) ROCE % : -243.09% (As of Dec. 2023)

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What is ATEX 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. ATEX Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -243.09%.

ATEX Resources ROCE % Historical Data

The historical data trend for ATEX 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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ATEX Resources ROCE % Chart

ATEX Resources Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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-95.51

-95.67

-123.68

-122.67

-182.49

ATEX 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															-95.00	-9.06	-6.40	-420.13	-243.09

ATEX Resources ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-29.362	/	( ( (16.409 - 0.195)	+	(17.367 - 1.401) )	/ 2 )
	=	-29.362	/	( (16.214	+	15.966)	/ 2 )
	=	-29.362	/	16.09
	=	-182.49 %

ATEX 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 )
	=	-30.204	/	( ( (17.367 - 1.401)	+	(11.799 - 2.915) )	/ 2 )
	=	-30.204	/	( ( 15.966	+	8.884 )	/ 2 )
	=	-30.204	/	12.425
	=	-243.09 %

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

ATEX Resources (TSXV:ATX) 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.

ATEX Resources ROCE % Related Terms

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ATEX Resources (TSXV:ATX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

ECRTF:USA

Address

25 Adelaide Street East, Suite 1900, Toronto, ON, CAN, M5C 3A1

Website

https://www.atexresources.com

ATEX Resources Inc is a minerals exploration company engaged in the acquisition and development of properties located in Chile and Colombia in South America. Its Apolo concessions comprise three properties, Alicia, Roma, and Condor, located within the northern extension of the Maricunga Mineral Belt, Region III, Chile. In addition, the firm also holds an interest in Valeriano Property.

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