Abcourt Mines (TSXV:ABI) ROCE % : -160.05% (As of Dec. 2023)

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What is Abcourt Mines 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. Abcourt Mines's annualized ROCE % for the quarter that ended in Dec. 2023 was -160.05%.

Abcourt Mines ROCE % Historical Data

The historical data trend for Abcourt Mines'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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Abcourt Mines ROCE % Chart

Abcourt Mines Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-1.04

3.12

7.77

-152.33

-71.01

Abcourt Mines 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															-6.82	66.61	-205.65	-94.22	-160.05

Abcourt Mines ROCE % Calculation

Abcourt Mines's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-4.873	/	( ( (12.288 - 8.645)	+	(17.401 - 7.319) )	/ 2 )
	=	-4.873	/	( (3.643	+	10.082)	/ 2 )
	=	-4.873	/	6.8625
	=	-71.01 %

Abcourt Mines'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 )
	=	-13.256	/	( ( (16.589 - 7.142)	+	(14.179 - 7.061) )	/ 2 )
	=	-13.256	/	( ( 9.447	+	7.118 )	/ 2 )
	=	-13.256	/	8.2825
	=	-160.05 %

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

Abcourt Mines (TSXV:ABI) 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.

Abcourt Mines ROCE % Related Terms

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Abcourt Mines (TSXV:ABI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Abcourt Mines Inc (TSXV:ABI) » Definitions » ROCE %

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Traded in Other Exchanges

ABMBF:USA AML:Germany

Address

475 de l’Eglise Avenue, Rouyn-Noranda, QC, CAN, J0Z 1Y1

Website

http://www.abcourt.com

Abcourt Mines Inc is a gold producer and Canadian exploration company. It is engaged in the acquisition, exploration, evaluation, and exploitation of mining properties. The company's operating segment include Mining site in production; Prospection and development and Corporate. It generates maximum revenue from the Mining site in production segment.

Executives

Normand Hinse

Director

Abcourt Mines (TSXV:ABI) Headlines

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