Atlantic Gold (ASX:AGB) ROCE % : 12.21% (As of Mar. 2019)

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What is Atlantic Gold 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. Atlantic Gold's annualized ROCE % for the quarter that ended in Mar. 2019 was 12.21%.

Atlantic Gold ROCE % Historical Data

The historical data trend for Atlantic Gold'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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Atlantic Gold ROCE % Chart

Atlantic Gold Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

ROCE %

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-6.00

-7.07

-7.20

-5.18

18.26

Atlantic Gold Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
ROCE %	Get a 7-Day Free Trial															6.53	24.73	25.04	19.67	12.21

Atlantic Gold ROCE % Calculation

Atlantic Gold's annualized ROCE % for the fiscal year that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	45.204	/	( ( (264.863 - 59.344)	+	(314.282 - 24.736) )	/ 2 )
	=	45.204	/	( (205.519	+	289.546)	/ 2 )
	=	45.204	/	247.5325
	=	18.26 %

Atlantic Gold's ROCE % of for the quarter that ended in Mar. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2019 )		(Q: Dec. 2018 )		(Q: Mar. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2019 )		(Q: Dec. 2018 )		(Q: Mar. 2019 )
	=	36.516	/	( ( (314.282 - 24.736)	+	(328.703 - 20.028) )	/ 2 )
	=	36.516	/	( ( 289.546	+	308.675 )	/ 2 )
	=	36.516	/	299.1105
	=	12.21 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2019) EBIT data.

Atlantic Gold (ASX:AGB) 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.

Atlantic Gold ROCE % Related Terms

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Atlantic Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Atlantic Gold Corp (ASX:AGB) » Definitions » ROCE %

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N/A

Address

595 Burrard Street, Suite 3083, P.O. Box 49298, Three Bentall Centre, Vancouver, BC, CAN, V7X 1L3

Website

http://www.atlanticgoldcorporation.com

Atlantic Gold Corp is engaged in the acquisition, exploration, and development of mineral properties. The company explores for gold. It holds interests in the Moose River Consolidated Project comprising the Touquoy and the Beaver Dam gold deposits; the Cochrane Hill gold deposit; and the Fifteen Mile Stream deposit. All the business activity is primarily functioned through the region of Canada.

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