Azucar Minerals (TSXV:AMZ) ROCE % : -3.83% (As of Dec. 2023)

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What is Azucar 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. Azucar Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.83%.

Azucar Minerals ROCE % Historical Data

The historical data trend for Azucar 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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Azucar Minerals ROCE % Chart

Azucar Minerals Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-5.45

-5.27

-4.03

-2.04

-4.06

Azucar Minerals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-2.94	-0.88	-4.05	-1.63	-3.83

Azucar Minerals ROCE % Calculation

Azucar Minerals'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 )
	=	-0.515	/	( ( (24.346 - 0.19)	+	(1.261 - 0.045) )	/ 2 )
	=	-0.515	/	( (24.156	+	1.216)	/ 2 )
	=	-0.515	/	12.686
	=	-4.06 %

Azucar Minerals'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 )
	=	-0.484	/	( ( (24.191 - 0.133)	+	(1.261 - 0.045) )	/ 2 )
	=	-0.484	/	( ( 24.058	+	1.216 )	/ 2 )
	=	-0.484	/	12.637
	=	-3.83 %

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

Azucar Minerals (TSXV:AMZ) 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.

Azucar Minerals ROCE % Related Terms

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Azucar Minerals (TSXV:AMZ) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

AXDDF:USA 28X:Germany

Address

1333 Johnston Street, Suite 210, Vancouver, BC, CAN, V6H 3R9

Website

https://www.azucarminerals.com

Azucar Minerals Ltd is an exploration company. The company is focused on the exploration of its El Cobre gold-copper porphyry project in Veracruz, Mexico. The company operates in one reportable operating segment, the acquisition and exploration of mineral resource properties in Canada, the United States, and Mexico.

Executives

Lawrence Segerstrom

Senior Officer

Azucar Minerals (TSXV:AMZ) Headlines

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