African Energy Metals (STU:BC2) ROCE % : 0.00% (As of Sep. 2024)

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What is African Energy 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. African Energy Metals's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

African Energy Metals ROCE % Historical Data

The historical data trend for African Energy 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.

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African Energy Metals ROCE % Chart

African Energy Metals Annual Data

Trend

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Dec23

ROCE %

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-6,440.00

African Energy 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															-	-	-	-	-

African Energy Metals ROCE % Calculation

African Energy Metals's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-0.693	/	( ( (0.089 - 0.236)	+	(0.007 - 0.631) )	/ 2 )
	=	-0.693	/	( (-0.147	+	-0.624)	/ 2 )
	=	-0.693	/	-0.3855
	=	179.77 %

African Energy 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 )
	=	0.792	/	( ( (0.009 - 0.665)	+	(0.024 - 0.401) )	/ 2 )
	=	0.792	/	( ( -0.656	+	-0.377 )	/ 2 )
	=	0.792	/	-0.5165
	=	0 %

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

African Energy Metals (STU:BC2) 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.

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African Energy Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » African Energy Metals Inc (STU:BC2) » Definitions » ROCE %

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CUCO.H:Canada

Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7

Website

https://www.africanenergymetals.com

African Energy Metals Inc is a natural resource company focused on acquiring, developing, and operating copper, cobalt, and lithium energy metals projects in the DRC. The company is implementing a carbon credit program complementary to mining operations.

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