Atlas One Capital (TSXV:ACAP.P) ROCE % : -13.47% (As of Mar. 2024)

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What is Atlas One Capital 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. Atlas One Capital's annualized ROCE % for the quarter that ended in Mar. 2024 was -13.47%.

Atlas One Capital ROCE % Historical Data

The historical data trend for Atlas One Capital'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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Atlas One Capital ROCE % Chart

Atlas One Capital Annual Data

Trend

Dec22

Dec23

ROCE %

-79.25

-33.06

Atlas One Capital Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial				-29.34	-45.16	-13.91	-44.86	-13.47

Atlas One Capital ROCE % Calculation

Atlas One Capital'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 )
	=	-0.06	/	( ( (0.237 - 0.025)	+	(0.167 - 0.016) )	/ 2 )
	=	-0.06	/	( (0.212	+	0.151)	/ 2 )
	=	-0.06	/	0.1815
	=	-33.06 %

Atlas One Capital'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 )
	=	-0.02	/	( ( (0.167 - 0.016)	+	(0.166 - 0.02) )	/ 2 )
	=	-0.02	/	( ( 0.151	+	0.146 )	/ 2 )
	=	-0.02	/	0.1485
	=	-13.47 %

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

Atlas One Capital (TSXV:ACAP.P) 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.

Atlas One Capital ROCE % Related Terms

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Atlas One Capital (TSXV:ACAP.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Atlas One Capital Corp (TSXV:ACAP.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Holly Street, Suite 300, Toronto, ON, CAN, M4S 3B1

Website

Atlas One Capital Corp is a Capital Pool Company.

Atlas One Capital (TSXV:ACAP.P) Headlines

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