American Creek Resources (American Creek Resources) ROCE % : -23.41% (As of Dec. 2023)

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What is American Creek Resources 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. American Creek Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -23.41%.

American Creek Resources ROCE % Historical Data

The historical data trend for American Creek Resources'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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American Creek Resources ROCE % Chart

American Creek Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-34.21

-23.13

-39.97

-41.37

-14.44

American Creek Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-39.24	-10.39	-12.03	-11.70	-23.41

American Creek Resources ROCE % Calculation

American Creek Resources'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 )
	=	-0.799	/	( ( (5.954 - 0.053)	+	(5.214 - 0.045) )	/ 2 )
	=	-0.799	/	( (5.901	+	5.169)	/ 2 )
	=	-0.799	/	5.535
	=	-14.44 %

American Creek Resources'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 )
	=	-1.24	/	( ( (5.456 - 0.029)	+	(5.214 - 0.045) )	/ 2 )
	=	-1.24	/	( ( 5.427	+	5.169 )	/ 2 )
	=	-1.24	/	5.298
	=	-23.41 %

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

American Creek Resources (OTCPK:ACKRF) 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.

American Creek Resources ROCE % Related Terms

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American Creek Resources (American Creek Resources) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » American Creek Resources Ltd (OTCPK:ACKRF) » Definitions » ROCE %

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AMK:Canada

Address

92 - 2nd Avenue West, P.O. Box 70, Cardston, AB, CAN, T0K 0K0

Website

https://www.americancreek.com

American Creek Resources Ltd is engaged in the exploration and development of mineral resource properties. The company holds interests in properties located in the regions of British Columbia, Canada. Its projects include the Treaty Creek project, Gold hill, Dunwell, Ample Goldmax property and others. It has one reportable operating segment, which is the exploration and development of exploration and evaluation assets in Canada.

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