Arizona Sonoran Copper Co (FRA:H6F) ROCE % : -3.66% (As of Mar. 2024)

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What is Arizona Sonoran Copper 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. Arizona Sonoran Copper Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -3.66%.

Arizona Sonoran Copper Co ROCE % Historical Data

The historical data trend for Arizona Sonoran Copper 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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Arizona Sonoran Copper Co ROCE % Chart

Arizona Sonoran Copper Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-35.67

-31.49

-12.45

-7.48

Arizona Sonoran Copper Co Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial												-1.30	-12.41	-3.95	-8.49	-3.66

Arizona Sonoran Copper Co ROCE % Calculation

Arizona Sonoran Copper Co'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 )
	=	-5.958	/	( ( (65.682 - 3.331)	+	(104.611 - 7.69) )	/ 2 )
	=	-5.958	/	( (62.351	+	96.921)	/ 2 )
	=	-5.958	/	79.636
	=	-7.48 %

Arizona Sonoran Copper 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 )
	=	-3.452	/	( ( (104.611 - 7.69)	+	(100.856 - 9.23) )	/ 2 )
	=	-3.452	/	( ( 96.921	+	91.626 )	/ 2 )
	=	-3.452	/	94.2735
	=	-3.66 %

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

Arizona Sonoran Copper Co (FRA:H6F) 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.

Arizona Sonoran Copper Co ROCE % Related Terms

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Arizona Sonoran Copper Co (FRA:H6F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arizona Sonoran Copper Co Inc (FRA:H6F) » Definitions » ROCE %

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Traded in Other Exchanges

ASCUF:USA ASCU:Canada

Address

Simpson Tower, 401 Bay Street, Suite 2704, Box Number 4, Toronto, ON, CAN, M5H 2Y4

Website

https://www.arizonasonoran.com

Arizona Sonoran Copper Co Inc is a mineral exploration company. It owns interests in the Cactus Project, located to the southeast of the Phoenix metropolitan area, on private land in Pinal County, Arizona.

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