Ajax Resources (AQSE:AJAX) ROC %: -113.14% (As of Aug. 2024)

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What is Ajax Resources ROC %?

Ajax Resources AQSE:AJAX ROC % is -113.14% as of Aug. 2024.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Ajax Resources's annualized return on capital (ROC %) for the quarter that ended in Aug. 2024 was -113.14%.

As of today (2026-07-21), Ajax Resources's WACC % is 0.00%. Ajax Resources's ROC % is 0.00% (calculated using TTM income statement data). Ajax Resources earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Ajax Resources  (AQSE:AJAX) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Ajax Resources's WACC % is 0.00%. Ajax Resources's ROC % is 0.00% (calculated using TTM income statement data). Ajax Resources earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Ajax Resources ROC % Related Terms

Ajax Resources ROC % Historical Data

* Premium members only.

The historical data trend for Ajax Resources's ROC % 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.

Ajax Resources ROC % Chart

Ajax Resources Annual Data
Trend Feb22 Feb23 Feb24
ROC %
0.00 -200.97 -185.58

Ajax Resources Semi-Annual Data
Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
ROC % Get a 7-Day Free Trial -2,177.78 -659.12 -105.86 -429.63 -113.14

Ajax Resources ROC % Calculation

Ajax Resources's annualized Return on Capital (ROC %) for the fiscal year that ended in Feb. 2024 is calculated as:

ROC % (A: Feb. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Feb. 2023 ) + Invested Capital (A: Feb. 2024 ))/ count )
=-0.296 * ( 1 - 0% )/( (0.309 + 0.01)/ 2 )
=-0.296/0.1595
=-185.58 %

where

Invested Capital(A: Feb. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1.111 - 0.045 - ( 0.757 - max(0, 0.045 - 1.111+0.757))
=0.309

Invested Capital(A: Feb. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=0.982 - 0.085 - ( 0.974 - max(0, 0.095 - 0.982+0.974))
=0.01

Ajax Resources's annualized Return on Capital (ROC %) for the quarter that ended in Aug. 2024 is calculated as:

ROC % (Q: Aug. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Feb. 2024 ) + Invested Capital (Q: Aug. 2024 ))/ count )
=-0.198 * ( 1 - 0% )/( (0.01 + 0.34)/ 2 )
=-0.198/0.175
=-113.14 %

where

Invested Capital(Q: Feb. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=0.982 - 0.085 - ( 0.974 - max(0, 0.095 - 0.982+0.974))
=0.01

Invested Capital(Q: Aug. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=0.848 - 0.052 - ( 0.456 - max(0, 0.052 - 0.848+0.456))
=0.34

Note: The Operating Income data used here is two times the semi-annual (Aug. 2024) data. The tax rate is limited to between 0% and 100%.

* 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.

Frequently Asked Questions Learn more about ROC % →
What does a ROC % of -113.14% mean?
Ajax Resources (AQSE:AJAX) has a ROC % of -113.14% as of Aug. 2024. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Ajax Resources and its competitors.
Is Ajax Resources' ROC % too high?
Ajax Resources' current ROC % is -113.14%.
How does Ajax Resources' ROC % compare to AGLY and CCCX?
Ajax Resources' ROC % of -113.14% can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a Diversified Financial Services company?
A good ROC % depends on the Diversified Financial Services industry context. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Ajax Resources and its competitors. Ajax Resources's current ROC % is -113.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ajax Resources stock overvalued right now?
Ajax Resources (AQSE:AJAX) has a current ROC % of -113.14%. The current ROC % is -113.14%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For Ajax Resources (AQSE:AJAX), the current ROC % is -113.14% as of Aug. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Ajax Resources Business Description

Address London Wall, Salisbury House, London, GBR, EC2M 5PS
Ajax Resources PLC is focused on identifying, acquiring, and advancing assets with exposure to copper, gold, zinc, uranium, and lead.