Arctic Star Exploration (STU:82A2) ROCE % : -7.78% (As of Sep. 2023)

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What is Arctic Star 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. Arctic Star Exploration's annualized ROCE % for the quarter that ended in Sep. 2023 was -7.78%.

Arctic Star Exploration ROCE % Historical Data

The historical data trend for Arctic Star 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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Arctic Star Exploration ROCE % Chart

Arctic Star Exploration Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-41.94

-50.18

-26.05

-42.90

-28.56

Arctic Star Exploration Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-24.51	-29.19	-20.07	-13.83	-7.78

Arctic Star Exploration ROCE % Calculation

Arctic Star Exploration's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-1.643	/	( ( (5.609 - 0.781)	+	(6.945 - 0.267) )	/ 2 )
	=	-1.643	/	( (4.828	+	6.678)	/ 2 )
	=	-1.643	/	5.753
	=	-28.56 %

Arctic Star Exploration's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-0.452	/	( ( (6.199 - 0.325)	+	(6.133 - 0.391) )	/ 2 )
	=	-0.452	/	( ( 5.874	+	5.742 )	/ 2 )
	=	-0.452	/	5.808
	=	-7.78 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Arctic Star Exploration (STU:82A2) 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.

Arctic Star Exploration ROCE % Related Terms

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Arctic Star Exploration (STU:82A2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arctic Star Exploration Corp (STU:82A2) » Definitions » ROCE %

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Traded in Other Exchanges

ASDZF:USA 82A2:Germany ADD:Canada

Address

1111 Melville Street, Suite 1100, 11th Floor, Vancouver, BC, CAN, V6E 3V6

Website

https://www.arcticstar.ca

Arctic Star Exploration Corp is a natural resource company engaged in the acquisition, exploration, and development of mineral properties. Some of the projects of the company are the Timantti diamond project, Diagras diamond project, Stein diamond project and others. It has one reportable operating segment which is mineral exploration It has a business presence in Canada and Finland.

Arctic Star Exploration (STU:82A2) Headlines

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