Affinity Metals (FRA:34IA) ROCE % : -34.78% (As of Sep. 2024)

View and export this data going back to 2007. Start your Free Trial

What is Affinity Metals 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. Affinity Metals's annualized ROCE % for the quarter that ended in Sep. 2024 was -34.78%.

Affinity Metals ROCE % Historical Data

The historical data trend for Affinity Metals'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.

* Premium members only.

Affinity Metals ROCE % Chart

Affinity Metals Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

Get a 7-Day Free Trial

-77.89

-87.02

-27.40

-25.87

-38.06

Affinity Metals 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															-23.47	-29.07	-47.11	-52.45	-34.78

Affinity Metals ROCE % Calculation

Affinity Metals's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-0.38	/	( ( (1.476 - 0.255)	+	(1.421 - 0.645) )	/ 2 )
	=	-0.38	/	( (1.221	+	0.776)	/ 2 )
	=	-0.38	/	0.9985
	=	-38.06 %

Affinity Metals'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 )
	=	-0.28	/	( ( (1.421 - 0.645)	+	(1.427 - 0.593) )	/ 2 )
	=	-0.28	/	( ( 0.776	+	0.834 )	/ 2 )
	=	-0.28	/	0.805
	=	-34.78 %

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

Affinity Metals (FRA:34IA) 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.

Affinity Metals ROCE % Related Terms

Thank you for viewing the detailed overview of Affinity Metals's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Affinity Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Affinity Metals Corp (FRA:34IA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ARIZF:USA AFF:Canada

Address

600-890 West Pender Street, Vancouver, BC, CAN, V6C 1J9

Website

https://www.affinitymetals.ca

Affinity Metals Corp is engaged in the acquisition, exploration of mineral properties in Canada. The projects of the company include Regal Property and Windfall North.

Affinity Metals Headlines

No Headlines