AM Resources (TSXV:AMR) ROCE % : -244.81% (As of Sep. 2023)

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What is AM Resources 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. AM Resources's annualized ROCE % for the quarter that ended in Sep. 2023 was -244.81%.

AM Resources ROCE % Historical Data

The historical data trend for AM Resources'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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AM Resources ROCE % Chart

AM Resources Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-129.96

-47.51

-16.94

-246.25

-191.93

AM Resources Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-2.01	-334.64	-26.15	6.17	-244.81

AM Resources ROCE % Calculation

AM Resources's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-1.523	/	( ( (1.293 - 0.454)	+	(1.284 - 0.536) )	/ 2 )
	=	-1.523	/	( (0.839	+	0.748)	/ 2 )
	=	-1.523	/	0.7935
	=	-191.93 %

AM Resources's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-1.508	/	( ( (1.433 - 0.696)	+	(1.284 - 0.789) )	/ 2 )
	=	-1.508	/	( ( 0.737	+	0.495 )	/ 2 )
	=	-1.508	/	0.616
	=	-244.81 %

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

AM Resources (TSXV:AMR) 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.

AM Resources ROCE % Related Terms

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AM Resources (TSXV:AMR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » AM Resources Corp (TSXV:AMR) » Definitions » ROCE %

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76A:Germany

Address

410 Rue St-Nicolas, Suite 236, Montreal, QC, CAN, H2Y 2P5

Website

https://www.am-resources.com

AM Resources Corp is a mining company engaged in the exploration of coal, hydrocarbons, and gold mining sites located in Colombia. Its main project is the Mina Luz property, a 40-hectare coal-producing project southwest of Popayan and 150 km southwest of Cali in which it has an approximately 80% interest. It also holds interests in the Rio Negro asphaltite, Esperanza Property, and Mico gold projects. Geographically, it derives a majority of revenue from United States.