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AMQFF (Abitibi Metals) ROCE % : -12.39% (As of Sep. 2024)


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What is Abitibi Metals 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. Abitibi Metals's annualized ROCE % for the quarter that ended in Sep. 2024 was -12.39%.

Abitibi Metals ROCE % Historical Data

The historical data trend for Abitibi Metals'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.

* Premium members only.

Abitibi Metals ROCE % Chart

Abitibi Metals Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
ROCE %
Get a 7-Day Free Trial -17.48 -23.29 -9.52 -3.24 -18.87

Abitibi Metals Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24 Jun24 Sep24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.35 -10.51 -33.14 -24.48 -12.39

Abitibi Metals ROCE % Calculation

Abitibi Metals's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jun. 2024 )  (A: Jun. 2023 )(A: Jun. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jun. 2024 )  (A: Jun. 2023 )(A: Jun. 2024 )
=-1.993/( ( (3.987 - 0.14) + (19.832 - 2.557) )/ 2 )
=-1.993/( (3.847+17.275)/ 2 )
=-1.993/10.561
=-18.87 %

Abitibi Metals's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=-2.16/( ( (19.832 - 2.557) + (20.193 - 2.607) )/ 2 )
=-2.16/( ( 17.275 + 17.586 )/ 2 )
=-2.16/17.4305
=-12.39 %

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

* 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.

Abitibi Metals  (OTCPK:AMQFF) 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.

Abitibi Metals ROCE % Related Terms

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Abitibi Metals Business Description

Industry
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Traded in Other Exchanges
FW0:Germany AMQ:Canada
Address
1231 Huron Street, London, ON, CAN, N5Y 4L1
Website
https://www.abitibimetals.com
Abitibi Metals Corp is engaged in the business of acquisition, exploration, and development of base and precious metal mining properties in Ontario and Quebec. Its exploration mineral properties include the Horizon Property, Southern Arm, Quevillon West, Bonanza, Val D'Or North, Bescheferm, and B26. The company has one operating segment involved in the exploration of resource properties. All of its exploration activities are carried out in Canada.