Archon Minerals (TSXV:ACS) ROCE % : -0.07% (As of Feb. 2024)

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What is Archon Minerals 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. Archon Minerals's annualized ROCE % for the quarter that ended in Feb. 2024 was -0.07%.

Archon Minerals ROCE % Historical Data

The historical data trend for Archon Minerals'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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Archon Minerals ROCE % Chart

Archon Minerals Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

ROCE %

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1.16

2.82

-0.10

-0.06

Archon Minerals Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-0.07	-0.08	-0.07	-0.05	-0.07

Archon Minerals ROCE % Calculation

Archon Minerals's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	-0.03	/	( ( (65.366 - 11.608)	+	(65.359 - 12.144) )	/ 2 )
	=	-0.03	/	( (53.758	+	53.215)	/ 2 )
	=	-0.03	/	53.4865
	=	-0.06 %

Archon Minerals's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-0.036	/	( ( (65.36 - 12.429)	+	(65.36 - 12.546) )	/ 2 )
	=	-0.036	/	( ( 52.931	+	52.814 )	/ 2 )
	=	-0.036	/	52.8725
	=	-0.07 %

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

Archon Minerals (TSXV:ACS) 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.

Archon Minerals ROCE % Related Terms

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Archon Minerals (TSXV:ACS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Archon Minerals Ltd (TSXV:ACS) » Definitions » ROCE %

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Address

323 Jervis Street, Suite 2801, Vancouver, BC, CAN, V6P 3P8

Website

Archon Minerals Ltd is a Canadian based company. It's engaged in mining and exploration of precious stone and metals. The company's primary focus is on the exploration of Diamonds from its Buffer zone project, WO block project and Monument diamond project. The company does not generate cash flows from operations to fund its activities and therefore relies upon the issuance of securities for financing.

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