Adventus Mining (TSXV:ADZN) ROCE % : -24.23% (As of Dec. 2023)

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What is Adventus Mining 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. Adventus Mining's annualized ROCE % for the quarter that ended in Dec. 2023 was -24.23%.

Adventus Mining ROCE % Historical Data

The historical data trend for Adventus Mining'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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Adventus Mining ROCE % Chart

Adventus Mining Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-8.67

-6.08

23.89

-4.87

-9.41

Adventus Mining Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-7.64	-4.81	-3.66	-4.61	-24.23

Adventus Mining ROCE % Calculation

Adventus Mining'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 )
	=	-16.186	/	( ( (184.354 - 7.536)	+	(214.225 - 46.981) )	/ 2 )
	=	-16.186	/	( (176.818	+	167.244)	/ 2 )
	=	-16.186	/	172.031
	=	-9.41 %

Adventus Mining's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-41.66	/	( ( (200.849 - 24.188)	+	(214.225 - 46.981) )	/ 2 )
	=	-41.66	/	( ( 176.661	+	167.244 )	/ 2 )
	=	-41.66	/	171.9525
	=	-24.23 %

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

Adventus Mining (TSXV:ADZN) 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.

Adventus Mining ROCE % Related Terms

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Adventus Mining (TSXV:ADZN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Adventus Mining Corp (TSXV:ADZN) » Definitions » ROCE %

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ADVZF:USA AZC:Germany

Address

220 Bay Street, Suite 550, Toronto, ON, CAN, M5J 2W4

Website

https://www.adventusmining.com

Adventus Mining Corp is an Ecuador-focused copper-gold exploration and development company. The company is advancing the project through a feasibility study while exploring the broader Curipamba district. In addition, it is engaged in a country-wide exploration alliance with its partners in Ecuador, which has incorporated the Pijili and Santiago copper-gold porphyry projects. The company also controls an exploration project portfolio in Ireland with South32 Limited as a funding partner as well as an investment portfolio of equities in several exploration companies.

Executives

Mark Wellings

Director

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