Abitibi Metals (XCNQ:AMQ) ROCE % : -10.58% (As of Sep. 2023)

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What is Abitibi Metals 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. Abitibi Metals's annualized ROCE % for the quarter that ended in Sep. 2023 was -10.58%.

Abitibi Metals ROCE % Historical Data

The historical data trend for Abitibi Metals'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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Abitibi Metals ROCE % Chart

Abitibi Metals Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

-17.60

-22.46

-9.74

-3.29

Abitibi Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-3.76	-2.91	-3.01	-3.26	-10.58

Abitibi Metals ROCE % Calculation

Abitibi Metals's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-0.158	/	( ( (4.58 - 0.092)	+	(5.297 - 0.186) )	/ 2 )
	=	-0.158	/	( (4.488	+	5.111)	/ 2 )
	=	-0.158	/	4.7995
	=	-3.29 %

Abitibi Metals's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-0.54	/	( ( (5.297 - 0.186)	+	(5.276 - 0.182) )	/ 2 )
	=	-0.54	/	( ( 5.111	+	5.094 )	/ 2 )
	=	-0.54	/	5.1025
	=	-10.58 %

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

Abitibi Metals (XCNQ:AMQ) 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.

Abitibi Metals ROCE % Related Terms

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Abitibi Metals (XCNQ:AMQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Abitibi Metals Corp (XCNQ:AMQ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AMQFF:USA FW0:Germany

Address

1231 Huron Street, London, ON, CAN, N5Y 4L1

Website

https://www.abitibimetals.com

Abitibi Metals Corp is engaged in the business of acquisition, exploration, and development of mining properties in Ontario and Quebec. Its mineral properties include Horizon Property, Southern Arm Property, Quevillon West Property, Bonanza Property and others.

Executives

Quinn Field-dyte

Director, Senior Officer

Abitibi Metals (XCNQ:AMQ) Headlines

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