AAUGF (Aero Energy) ROCE % : -21.87% (As of Jul. 2024)

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What is Aero Energy 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. Aero Energy's annualized ROCE % for the quarter that ended in Jul. 2024 was -21.87%.

Aero Energy ROCE % Historical Data

The historical data trend for Aero Energy'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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Aero Energy ROCE % Chart

Aero Energy Annual Data

Trend

Apr20

Apr21

Apr22

Apr23

Apr24

ROCE %

-139.19

-61.08

-24.00

-11.41

-8.05

Aero Energy Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
ROCE %	Get a 7-Day Free Trial															-7.24	-11.17	-8.67	-12.90	-21.87

Aero Energy ROCE % Calculation

Aero Energy's annualized ROCE % for the fiscal year that ended in Apr. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2024 )		(A: Apr. 2023 )		(A: Apr. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2024 )		(A: Apr. 2023 )		(A: Apr. 2024 )
	=	-0.634	/	( ( (5.128 - 0.133)	+	(11.278 - 0.516) )	/ 2 )
	=	-0.634	/	( (4.995	+	10.762)	/ 2 )
	=	-0.634	/	7.8785
	=	-8.05 %

Aero Energy's ROCE % of for the quarter that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	-2.32	/	( ( (11.278 - 0.516)	+	(10.898 - 0.44) )	/ 2 )
	=	-2.32	/	( ( 10.762	+	10.458 )	/ 2 )
	=	-2.32	/	10.61
	=	-21.87 %

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

Aero Energy (OTCPK:AAUGF) 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.

Aero Energy ROCE % Related Terms

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Aero Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aero Energy Ltd (OTCPK:AAUGF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

UU3:Germany AERO:Canada

Address

1030 West Georgia Street, Suite 918, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.aeroenergy.ca

Aero Energy Ltd is a mineral exploration and development company. It is focused on uncovering high-grade uranium deposits across its flagship optioned properties - Sun Dog, Strike, and Murmac - in addition to its fully owned properties. With the application of modern exploration techniques. It is tapping into the Athabasca Basin's emerging potential for high-grade, unconformity-style mineralization.