Amex Exploration (LTS:0A6N) ROCE % : -1.58% (As of Sep. 2024)

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What is Amex 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. Amex Exploration's annualized ROCE % for the quarter that ended in Sep. 2024 was -1.58%.

Amex Exploration ROCE % Historical Data

The historical data trend for Amex 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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Amex Exploration ROCE % Chart

Amex Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-32.67

-12.23

-6.91

-4.46

-3.22

Amex Exploration 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															-2.71	-5.29	-2.73	-1.97	-1.58

Amex Exploration ROCE % Calculation

Amex Exploration'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 )
	=	-3.315	/	( ( (111.148 - 11.348)	+	(108.923 - 2.929) )	/ 2 )
	=	-3.315	/	( (99.8	+	105.994)	/ 2 )
	=	-3.315	/	102.897
	=	-3.22 %

Amex Exploration'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 )
	=	-1.984	/	( ( (133.274 - 8.186)	+	(132.39 - 5.744) )	/ 2 )
	=	-1.984	/	( ( 125.088	+	126.646 )	/ 2 )
	=	-1.984	/	125.867
	=	-1.58 %

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

Amex Exploration (LTS:0A6N) 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.

Amex Exploration ROCE % Related Terms

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Amex Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Amex Exploration Inc (LTS:0A6N) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AMXEF:USA MX0:Germany MX0:Germany AMX:Canada

Address

410 St-Nicolas Street, Suite 236, Montreal, QC, CAN, H2Y 2P5

Website

https://www.amexexploration.com

Amex Exploration Inc is a mining exploration company focused on developing high-grade gold ounces from the Perron Gold Project, located approximately 110 kilometers north of Rouyn-Noranda, Quebec. Its Eldorado Gold has strategically invested in Amex by acquiring a significant stake, drawn by the high quality and grade of the Perron project. The project is well-serviced by existing infrastructure, on a year-round road, from an airport, and outside the town of Normetal. The open pit and underground stope operations contain approximately 594,100 measured and indicated ounces at an average grade of around 4.28 g/t Au, along with approximately 1,049,650 inferred ounces at a grade of around 3.80 g/t Au.

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