Acme Gold Co (XCNQ:AGE) ROCE % : -67.66% (As of Mar. 2024)

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What is Acme Gold Co 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. Acme Gold Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -67.66%.

Acme Gold Co ROCE % Historical Data

The historical data trend for Acme Gold Co'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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Acme Gold Co ROCE % Chart

Acme Gold Co Annual Data

Trend

Sep21

Sep22

Sep23

ROCE %

-34.83

-54.78

-25.95

Acme Gold Co Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial								-39.26	-19.24	-20.22	-85.25	-67.66

Acme Gold Co ROCE % Calculation

Acme Gold Co'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 )
	=	-0.065	/	( ( (0.376 - 0.01)	+	(0.135 - 0) )	/ 2 )
	=	-0.065	/	( (0.366	+	0.135)	/ 2 )
	=	-0.065	/	0.2505
	=	-25.95 %

Acme Gold Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-0.068	/	( ( (0.109 - 0)	+	(0.094 - 0.002) )	/ 2 )
	=	-0.068	/	( ( 0.109	+	0.092 )	/ 2 )
	=	-0.068	/	0.1005
	=	-67.66 %

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

Acme Gold Co (XCNQ:AGE) 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.

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Acme Gold Co (XCNQ:AGE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Acme Gold Co Ltd (XCNQ:AGE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

992 East 13th Avenue, Vancouver, BC, CAN, V5T 2L6

Website

Acme Gold Co Ltd is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration program on the Lemon Lake Property.