Adex Mining (TSXV:ADE) ROCE % : 0.00% (As of Sep. 2024)

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What is Adex Mining 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. Adex Mining's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

Adex Mining ROCE % Historical Data

The historical data trend for Adex Mining'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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Adex Mining ROCE % Chart

Adex Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-84.24

-85.10

-22.25

Adex Mining Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-	44.39	-	-	-

Adex Mining ROCE % Calculation

Adex Mining'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 )
	=	-0.356	/	( ( (1.778 - 0.313)	+	(1.846 - 0.111) )	/ 2 )
	=	-0.356	/	( (1.465	+	1.735)	/ 2 )
	=	-0.356	/	1.6
	=	-22.25 %

Adex Mining's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-0.216	/	( ( (1.873 - 7.834)	+	(1.878 - 8.001) )	/ 2 )
	=	-0.216	/	( ( -5.961	+	-6.123 )	/ 2 )
	=	-0.216	/	-6.042
	=	0 %

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

Adex Mining (TSXV:ADE) 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.

Adex Mining ROCE % Related Terms

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Adex Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Adex Mining Inc (TSXV:ADE) » Definitions » ROCE %

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ADXDF:USA

Address

36 Toronto Street, Suite 850, Toronto, ON, CAN, M5C 2C5

Website

http://www.adexmining.com

Adex Mining Inc is a mineral exploration and development company in Canada that develops a potential polymetallic focusing on tin, indium, zinc, molybdenum, and tungsten. It is focused on exploring and developing its Mount Pleasant Property.

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