Ascendant Resources (STU:2D9) ROCE % : -45.33% (As of Mar. 2024)

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What is Ascendant Resources 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. Ascendant Resources's annualized ROCE % for the quarter that ended in Mar. 2024 was -45.33%.

Ascendant Resources ROCE % Historical Data

The historical data trend for Ascendant Resources'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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Ascendant Resources ROCE % Chart

Ascendant Resources Annual Data

Trend

Jul14

Jul15

Jul16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-14.17

-12.13

-96.62

-115.36

-64.26

Ascendant Resources 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															-114.85	-158.17	484.26	-460.67	-45.33

Ascendant Resources ROCE % Calculation

Ascendant Resources'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 )
	=	-6.892	/	( ( (13.009 - 1.496)	+	(17.001 - 7.062) )	/ 2 )
	=	-6.892	/	( (11.513	+	9.939)	/ 2 )
	=	-6.892	/	10.726
	=	-64.26 %

Ascendant Resources'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 )
	=	-4.392	/	( ( (17.001 - 7.062)	+	(15.703 - 6.263) )	/ 2 )
	=	-4.392	/	( ( 9.939	+	9.44 )	/ 2 )
	=	-4.392	/	9.6895
	=	-45.33 %

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

Ascendant Resources (STU:2D9) 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.

Ascendant Resources ROCE % Related Terms

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Ascendant Resources (STU:2D9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ascendant Resources Inc (STU:2D9) » Definitions » ROCE %

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ASDRF:USA ASND:Canada

Address

200 Bay Street, Suite 3205, Toronto, ON, CAN, M5J 2J2

Website

https://www.ascendantresources.com

Ascendant Resources Inc is a mining company. The company is engaged in evaluating resource opportunities. It is focused on its own producing El Mochito zinc, silver and lead mine. The El Mochito mine is located in northwestern Honduras. The underground operation takes advantage of selective and bulk underground mining methods to mine multiple flat-lying manto deposits and high-grade vertical chimneys, producing zinc and lead concentrates with silver credits. It also holds an interest in Lagoa Salgada Project.

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