Ankh II Capital (TSXV:AUNK.P) ROCE % : -19.42% (As of Mar. 2024)

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What is Ankh II 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. Ankh II Capital's annualized ROCE % for the quarter that ended in Mar. 2024 was -19.42%.

Ankh II Capital ROCE % Historical Data

The historical data trend for Ankh II 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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Ankh II Capital ROCE % Chart

Ankh II Capital Annual Data

Trend

Sep22

Sep23

ROCE %

-19.58

Ankh II Capital Quarterly Data
	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial			-47.76	-204.93	101.61	-14.18	-19.42

Ankh II Capital ROCE % Calculation

Ankh II Capital's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-0.042	/	( ( (0.1 - 0.013)	+	(0.356 - 0.014) )	/ 2 )
	=	-0.042	/	( (0.087	+	0.342)	/ 2 )
	=	-0.042	/	0.2145
	=	-19.58 %

Ankh II Capital'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 )
	=	-0.064	/	( ( (0.352 - 0.017)	+	(0.332 - 0.008) )	/ 2 )
	=	-0.064	/	( ( 0.335	+	0.324 )	/ 2 )
	=	-0.064	/	0.3295
	=	-19.42 %

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

Ankh II Capital (TSXV:AUNK.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.

Ankh II Capital ROCE % Related Terms

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Ankh II Capital (TSXV:AUNK.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Ankh II Capital Inc (TSXV:AUNK.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

250 Howe Street, 20th Floor, Vancouver, BC, CAN, VC6 3R8

Website

Ankh II Capital Inc is a capital pool company.

Ankh II Capital (TSXV:AUNK.P) Headlines

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