Ajax Resources (AQSE:AJAX) ROCE %: -23.53% (As of Aug. 2024)

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What is Ajax Resources ROCE %?

Ajax Resources AQSE:AJAX ROCE % is -23.53% as of Aug. 2024.

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. Ajax Resources's annualized ROCE % for the quarter that ended in Aug. 2024 was -23.53%.

Ajax Resources  (AQSE:AJAX) 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.

Ajax Resources ROCE % Related Terms

Ajax Resources ROCE % Historical Data

* Premium members only.

The historical data trend for Ajax 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.

Ajax Resources ROCE % Chart

Ajax Resources Annual Data
Trend Feb22 Feb23 Feb24
ROCE %
0.00 -112.20 -30.31

Ajax Resources Semi-Annual Data
Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
ROCE % Get a 7-Day Free Trial -30.15 -90.15 -23.97 -37.48 -23.53

Ajax Resources ROCE % Calculation

Ajax Resources's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Feb. 2024 )  (A: Feb. 2023 )(A: Feb. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Feb. 2024 )  (A: Feb. 2023 )(A: Feb. 2024 )
=-0.296/( ( (1.111 - 0.045) + (0.982 - 0.095) )/ 2 )
=-0.296/( (1.066+0.887)/ 2 )
=-0.296/0.9765
=-30.31 %

Ajax Resources's ROCE % of for the quarter that ended in Aug. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Aug. 2024 )  (Q: Feb. 2024 )(Q: Aug. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Aug. 2024 )  (Q: Feb. 2024 )(Q: Aug. 2024 )
=-0.198/( ( (0.982 - 0.095) + (0.848 - 0.052) )/ 2 )
=-0.198/( ( 0.887 + 0.796 )/ 2 )
=-0.198/0.8415
=-23.53 %

(1) Note: The EBIT data used here is two times the semi-annual (Aug. 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -23.53% mean?
Ajax Resources (AQSE:AJAX) has a ROCE % of -23.53% as of Aug. 2024.
Is Ajax Resources' ROCE % too high?
Ajax Resources' current ROCE % is -23.53%.
How does Ajax Resources' ROCE % compare to AGLY and CCCX?
Ajax Resources' ROCE % of -23.53% 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 ROCE % for a Diversified Financial Services company?
A good ROCE % depends on the Diversified Financial Services industry context. However, ROCE % 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. Ajax Resources's current ROCE % is -23.53%. 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 ROCE % of -23.53%. The current ROCE % is -23.53%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Ajax Resources (AQSE:AJAX), the current ROCE % is -23.53% 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.