Atacama Copper (TSXV:ACOP) ROCE % : -133.89% (As of Mar. 2024)

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What is Atacama Copper 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. Atacama Copper's annualized ROCE % for the quarter that ended in Mar. 2024 was -133.89%.

Atacama Copper ROCE % Historical Data

The historical data trend for Atacama Copper'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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Atacama Copper ROCE % Chart

Atacama Copper Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-10.29

-21.23

-100.79

Atacama Copper Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial										-23.11	-14.87	-14.43	-352.91	-133.89

Atacama Copper ROCE % Calculation

Atacama Copper'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 )
	=	-6.531	/	( ( (9.644 - 0.099)	+	(12.559 - 9.144) )	/ 2 )
	=	-6.531	/	( (9.545	+	3.415)	/ 2 )
	=	-6.531	/	6.48
	=	-100.79 %

Atacama Copper'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 )
	=	-12.892	/	( ( (12.559 - 9.144)	+	(18.038 - 2.195) )	/ 2 )
	=	-12.892	/	( ( 3.415	+	15.843 )	/ 2 )
	=	-12.892	/	9.629
	=	-133.89 %

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

Atacama Copper (TSXV:ACOP) 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.

Atacama Copper ROCE % Related Terms

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Atacama Copper Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Atacama Copper Corp (TSXV:ACOP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

625 Howe Street, Suite 410, Vancouver, BC, CAN, V6C 2T6

Website

https://www.atacamacopper.ca

Atacama Copper Corp is focused on copper and is engaged in the acquisition, exploration, and development of mineral properties in Chile. It owns an interest in the Placeton copper property situated in the Atacama mineral belt in Chile's 3rd region between Relincho copper and El Morro copper-gold projects. In addition, it owns El Cofre copper-cobalt-gold property in the prolific cobalt belt of Chile located in the Atacama Province of Chile's 3rd region.

Executives

Martyn William Ian Buttenshaw	Director
Scott Victor Andrew Hicks	Director

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