Aston Bay Holdings (Aston Bay Holdings) ROCE % : 0.00% (As of Dec. 2023)

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What is Aston Bay Holdings 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. Aston Bay Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Aston Bay Holdings ROCE % Historical Data

The historical data trend for Aston Bay Holdings'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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Aston Bay Holdings ROCE % Chart

Aston Bay Holdings Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

ROCE %

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-10.79

-31.20

-533.33

Aston Bay Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Aston Bay Holdings ROCE % Calculation

Aston Bay Holdings's annualized ROCE % for the fiscal year that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	-1.327	/	( ( (0.175 - 0.562)	+	(0.21 - 1.254) )	/ 2 )
	=	-1.327	/	( (-0.387	+	-1.044)	/ 2 )
	=	-1.327	/	-0.7155
	=	185.46 %

Aston Bay Holdings'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 )
	=	-1.136	/	( ( (0.668 - 1.576)	+	(0.883 - 0.689) )	/ 2 )
	=	-1.136	/	( ( -0.908	+	0.194 )	/ 2 )
	=	-1.136	/	-0.357
	=	0 %

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

Aston Bay Holdings (OTCPK:ATBHF) 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.

Aston Bay Holdings ROCE % Related Terms

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Aston Bay Holdings (Aston Bay Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aston Bay Holdings Ltd (OTCPK:ATBHF) » Definitions » ROCE %

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Traded in Other Exchanges

6AY:Germany BAY:Canada

Address

80 Richmond Street West, Suite 204, Toronto, ON, CAN, M5H 2A4

Website

https://astonbayholdings.com

Aston Bay Holdings Ltd provides mineral exploration services located in Toronto, Ontario. The company is currently exploring the high-grade Buckingham Gold Vein in central Virginia and is in the advanced stages of negotiation on other lands with high-grade copper potential in the area.