ANLBF (Aton Resources) ROCE % : 0.00% (As of Sep. 2024)

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What is Aton Resources 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. Aton Resources's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

Aton Resources ROCE % Historical Data

The historical data trend for Aton Resources'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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Aton Resources ROCE % Chart

Aton Resources Annual Data

Trend

Dec14

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Dec22

Dec23

ROCE %

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Aton Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Aton Resources ROCE % Calculation

Aton Resources's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-4.527	/	( ( (0.506 - 5.968)	+	(0.615 - 8.064) )	/ 2 )
	=	-4.527	/	( (-5.462	+	-7.449)	/ 2 )
	=	-4.527	/	-6.4555
	=	70.13 %

Aton Resources'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 )
	=	-5.736	/	( ( (0.82 - 3.893)	+	(1.05 - 5.766) )	/ 2 )
	=	-5.736	/	( ( -3.073	+	-4.716 )	/ 2 )
	=	-5.736	/	-3.8945
	=	0 %

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

Aton Resources (OTCPK:ANLBF) 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.

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Aton Resources Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aton Resources Inc (OTCPK:ANLBF) » Definitions » ROCE %

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AAN:Canada

Address

666 Burrard Street, Suite 1700, Vancouver, BC, CAN, V6C 2X8

Website

https://www.atonresources.com

Aton Resources Inc engages in the exploration and development of mineral properties in the Arab Republic of Egypt. The company's only reportable segment is the exploration and development of mineral properties. All of the company's equipment and mineral exploration concessions are located in Egypt. Its projects include the Abu Marawat Concession, Hamama Deposit, Rodruin Deposit and Abu Marawat Deposit.