Astra Exploration (Astra Exploration) ROCE % : -446.15% (As of Dec. 2023)

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What is Astra Exploration 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. Astra Exploration's annualized ROCE % for the quarter that ended in Dec. 2023 was -446.15%.

Astra Exploration ROCE % Historical Data

The historical data trend for Astra Exploration'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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Astra Exploration ROCE % Chart

Astra Exploration Annual Data

Trend

Dec20

Dec21

Mar22

Mar23

ROCE %

-32.95

-139.81

-1,239.44

-332.70

Astra Exploration Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial					-630.16	145.16	-250.56	-314.11	-446.15

Astra Exploration ROCE % Calculation

Astra Exploration's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-2.086	/	( ( (0.772 - 0.322)	+	(0.896 - 0.092) )	/ 2 )
	=	-2.086	/	( (0.45	+	0.804)	/ 2 )
	=	-2.086	/	0.627
	=	-332.70 %

Astra Exploration's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-0.58	/	( ( (0.24 - 0.042)	+	(0.069 - 0.007) )	/ 2 )
	=	-0.58	/	( ( 0.198	+	0.062 )	/ 2 )
	=	-0.58	/	0.13
	=	-446.15 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Astra Exploration (OTCPK:ATEPF) 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.

Astra Exploration ROCE % Related Terms

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Astra Exploration (Astra Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Astra Exploration Inc (OTCPK:ATEPF) » Definitions » ROCE %

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ASTR:Canada

Address

1090 West Georgia Street, Suite 700, Vancouver, BC, CAN, V6E 3V7

Website

https://www.astra-exploration.com

Astra Exploration Inc is a mining exploration company. The company is engaged in acquiring, exploring, and developing epithermal gold-silver properties in Chile and its portfolio contains the Pampa Paciencia Project, the Cerro Bayo Project, and The Other Region.