AF2 Capital (TSXV:AF.P) ROCE % : -31.80% (As of Feb. 2024)

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What is AF2 Capital 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. AF2 Capital's annualized ROCE % for the quarter that ended in Feb. 2024 was -31.80%.

AF2 Capital ROCE % Historical Data

The historical data trend for AF2 Capital'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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AF2 Capital ROCE % Chart

AF2 Capital Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

ROCE %

-33.33

-73.19

-10.92

-25.26

AF2 Capital Quarterly Data
	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial										-41.34	-19.89	-16.00	-9.38	-31.80

AF2 Capital ROCE % Calculation

AF2 Capital's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-0.049	/	( ( (0.229 - 0.013)	+	(0.196 - 0.024) )	/ 2 )
	=	-0.049	/	( (0.216	+	0.172)	/ 2 )
	=	-0.049	/	0.194
	=	-25.26 %

AF2 Capital's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-0.052	/	( ( (0.19 - 0.021)	+	(0.176 - 0.018) )	/ 2 )
	=	-0.052	/	( ( 0.169	+	0.158 )	/ 2 )
	=	-0.052	/	0.1635
	=	-31.80 %

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

AF2 Capital (TSXV:AF.P) 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.

AF2 Capital ROCE % Related Terms

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AF2 Capital (TSXV:AF.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » AF2 Capital Corp (TSXV:AF.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

550 Burrard Street, Suite 2300, Bentall 5, Vancouver, BC, CAN, V6C 2B5

Website

AF2 Capital Corp is a capital pool company.

AF2 Capital (TSXV:AF.P) Headlines

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