Azimut Exploration (TSXV:AZM) ROCE % : -0.83% (As of Feb. 2024)

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What is Azimut Exploration 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. Azimut Exploration's annualized ROCE % for the quarter that ended in Feb. 2024 was -0.83%.

Azimut Exploration ROCE % Historical Data

The historical data trend for Azimut Exploration'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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Azimut Exploration ROCE % Chart

Azimut Exploration Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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-16.48

-18.15

-5.14

-3.74

-3.87

Azimut Exploration 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															-0.21	-11.73	-5.76	-9.42	-0.83

Azimut Exploration ROCE % Calculation

Azimut Exploration's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-1.816	/	( ( (54.205 - 5.48)	+	(46.672 - 1.538) )	/ 2 )
	=	-1.816	/	( (48.725	+	45.134)	/ 2 )
	=	-1.816	/	46.9295
	=	-3.87 %

Azimut Exploration'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 )
	=	-0.424	/	( ( (57.425 - 6.383)	+	(55.296 - 4.362) )	/ 2 )
	=	-0.424	/	( ( 51.042	+	50.934 )	/ 2 )
	=	-0.424	/	50.988
	=	-0.83 %

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

Azimut Exploration (TSXV:AZM) 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.

Azimut Exploration ROCE % Related Terms

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Azimut Exploration (TSXV:AZM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Azimut Exploration Inc (TSXV:AZM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AZMTF:USA

Address

110 Rue De La Barre, Bureau 224, Longueuil, QC, CAN, J4K 1A3

Website

http://www.azimut-exploration.com

Azimut Exploration Inc is engaged in the acquisition, exploration, and evaluation of mineral properties. Its projects include Elmer property, JB lithium propety, Wabamisk property, Chromaska property and others in the James Bay region and Rex-Duquet, Nantais, Doran property and others in the Nunavik region of Quebec. It mainly explores gold, nickel, lithium, chromium and other minerals and metals.

Executives

Jonathan Rosset	Senior Officer
Christiane Bergevin	Director

Azimut Exploration (TSXV:AZM) Headlines

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