Axcap Ventures (Axcap Ventures) ROCE % : 13.35% (As of Mar. 2024)

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What is Axcap Ventures 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. Axcap Ventures's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.35%.

Axcap Ventures ROCE % Historical Data

The historical data trend for Axcap Ventures'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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Axcap Ventures ROCE % Chart

Axcap Ventures Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-13.24

-46.45

-42.65

-41.85

-107.30

Axcap Ventures Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															46.55	-33.80	-361.45	-91.77	13.35

Axcap Ventures ROCE % Calculation

Axcap Ventures'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 )
	=	-1.278	/	( ( (1.997 - 0.177)	+	(0.92 - 0.358) )	/ 2 )
	=	-1.278	/	( (1.82	+	0.562)	/ 2 )
	=	-1.278	/	1.191
	=	-107.30 %

Axcap Ventures's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	0.076	/	( ( (0.92 - 0.358)	+	(0.963 - 0.386) )	/ 2 )
	=	0.076	/	( ( 0.562	+	0.577 )	/ 2 )
	=	0.076	/	0.5695
	=	13.35 %

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

Axcap Ventures (OTCPK:GARLF) 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.

Axcap Ventures ROCE % Related Terms

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Axcap Ventures (Axcap Ventures) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Axcap Ventures Inc (OTCPK:GARLF) » Definitions » ROCE %

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Traded in Other Exchanges

1WJ0:Germany AXCP:Canada

Address

488 - 1090 West Georgia Street, Vancouver, BC, CAN, V6E 3V7

Website

https://www.netcoins.ca

Axcap Ventures Inc focuses on investing in various industries, including life sciences, mining and exploration, industrial, and technology.

Axcap Ventures (Axcap Ventures) Headlines

From GuruFocus

AXCAP VENTURES INC. Announces Closing of Private Placement

By ACCESSWIRE • 06-17-2024