Abacus Mining & Exploration (TSXV:AME) ROCE % : 0.00% (As of Dec. 2023)

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What is Abacus Mining & 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. Abacus Mining & Exploration's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Abacus Mining & Exploration ROCE % Historical Data

The historical data trend for Abacus Mining & 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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Abacus Mining & Exploration ROCE % Chart

Abacus Mining & Exploration Annual Data

Trend

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ROCE %

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Abacus Mining & Exploration Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
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Abacus Mining & Exploration ROCE % Calculation

Abacus Mining & Exploration'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 )
	=	0.866	/	( ( (5.62 - 24.469)	+	(7.893 - 27.765) )	/ 2 )
	=	0.866	/	( (-18.849	+	-19.872)	/ 2 )
	=	0.866	/	-19.3605
	=	-4.47 %

Abacus Mining & Exploration's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-1.8	/	( ( (8.357 - 27.112)	+	(7.893 - 27.765) )	/ 2 )
	=	-1.8	/	( ( -18.755	+	-19.872 )	/ 2 )
	=	-1.8	/	-19.3135
	=	0 %

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

Abacus Mining & Exploration (TSXV:AME) 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.

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Abacus Mining & Exploration (TSXV:AME) Business Description

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ABCFF:USA

Address

1050 West Pender Street, Suite 1000, Vancouver, BC, CAN, V6E 3S7

Website

https://www.amemining.com

Abacus Mining & Exploration Corp is an exploration stage company engaged principally in the acquisition, exploration, and development of mineral properties in Canada. It's mineral exploration and development operations are in the United States. Some of the company's projects are the Willow Project and Ajax Copper-Gold Project.