Athena Gold (XCNQ:ATHA) ROCE % : -10.46% (As of Mar. 2024)

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What is Athena Gold 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. Athena Gold's annualized ROCE % for the quarter that ended in Mar. 2024 was -10.46%.

Athena Gold ROCE % Historical Data

The historical data trend for Athena Gold'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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Athena Gold ROCE % Chart

Athena Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-34.00

-11.69

9.83

Athena Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-10.70	-20.08	37.82	4.81	-10.46

Athena Gold ROCE % Calculation

Athena Gold's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	0.822	/	( ( (8.481 - 0.38)	+	(9.044 - 0.429) )	/ 2 )
	=	0.822	/	( (8.101	+	8.615)	/ 2 )
	=	0.822	/	8.358
	=	9.83 %

Athena Gold'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 )
	=	-0.916	/	( ( (9.044 - 0.429)	+	(9.34 - 0.436) )	/ 2 )
	=	-0.916	/	( ( 8.615	+	8.904 )	/ 2 )
	=	-0.916	/	8.7595
	=	-10.46 %

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

Athena Gold (XCNQ:ATHA) 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.

Athena Gold ROCE % Related Terms

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Athena Gold (XCNQ:ATHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Athena Gold Corp (XCNQ:ATHA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AHNR:USA

Address

2010A Harbison Drive, Suite 312, Vacaville, CA, USA, 95687

Website

https://www.athenagoldcorp.com

Athena Gold Corp is focused on the exploration and development of precious metals in the Western United States. Its core holding is Excelsior Springs Project in Nevada's Walker Lane Gold District.

Executives

John D. Gibbs

10% Security Holder