Atlantic Gold NL (ASX:ATVCD) ROCE %: -7.34% (As of Dec. 2013)


What is Atlantic Gold NL ROCE %?

Atlantic Gold NL ASX:ATVCD ROCE % is -7.34% as of Dec. 2013. The stock has 3 warning signs investors should review.

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 NL's annualized ROCE % for the quarter that ended in Dec. 2013 was -7.34%.

Atlantic Gold NL  (ASX:ATVCD) 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 NL ROCE % Related Terms

Atlantic Gold NL ROCE % Historical Data

* Premium members only.

The historical data trend for Atlantic Gold NL'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.

Atlantic Gold NL ROCE % Chart

Atlantic Gold NL Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.84 -3.57 -5.70 -7.33 -7.65

Atlantic Gold NL Semi-Annual Data
Jun04 Dec04 Jun05 Dec05 Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13
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 -6.16 -4.73 -9.90 -7.39 -7.34

Atlantic Gold NL ROCE % Calculation

Atlantic Gold NL's annualized ROCE % for the fiscal year that ended in Dec. 2013 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2013 )  (A: Dec. 2012 )(A: Dec. 2013 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2013 )  (A: Dec. 2012 )(A: Dec. 2013 )
=-2.05/( ( (26.029 - 1.482) + (30.607 - 1.589) )/ 2 )
=-2.05/( (24.547+29.018)/ 2 )
=-2.05/26.7825
=-7.65 %

Atlantic Gold NL's ROCE % of for the quarter that ended in Dec. 2013 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2013 )  (Q: Jun. 2013 )(Q: Dec. 2013 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2013 )  (Q: Jun. 2013 )(Q: Dec. 2013 )
=-2.126/( ( (29.31 - 0.434) + (30.607 - 1.589) )/ 2 )
=-2.126/( ( 28.876 + 29.018 )/ 2 )
=-2.126/28.947
=-7.34 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2013) 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 -7.34% mean?
Atlantic Gold NL (ASX:ATVCD) has a ROCE % of -7.34% as of Dec. 2013.
Is Atlantic Gold NL's ROCE % too high?
Atlantic Gold NL's current ROCE % is -7.34%.
How does Atlantic Gold NL's ROCE % compare to competitors?
Atlantic Gold NL's ROCE % of -7.34% can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good ROCE % depends on the Metals & Mining 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. Atlantic Gold NL's current ROCE % is -7.34%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atlantic Gold NL stock overvalued right now?
Atlantic Gold NL (ASX:ATVCD) has a current ROCE % of -7.34%. The current ROCE % is -7.34%. 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 Atlantic Gold NL (ASX:ATVCD), the current ROCE % is -7.34% as of Dec. 2013. 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.

Atlantic Gold NL Business Description

Atlantic Gold NL (ATV, former Diamond Ventures NL) is primarily involved in the exploration of gold and diamonds in Australia and Canada. Current focus is on the development of the Touquoy project in Canada.