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Andean Precious Metals (TSXV:APM) ROCE % : 106.56% (As of Dec. 2023)


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What is Andean Precious Metals 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. Andean Precious Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was 106.56%.


Andean Precious Metals ROCE % Historical Data

The historical data trend for Andean Precious Metals'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.

* Premium members only.

Andean Precious Metals ROCE % Chart

Andean Precious Metals Annual Data
Trend Dec20 Dec21 Dec22 Dec23
ROCE %
32.63 19.18 -8.65 26.23

Andean Precious Metals Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -14.80 -0.90 7.71 10.14 106.56

Andean Precious Metals ROCE % Calculation

Andean Precious Metals'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 )
=58.407/( ( (181.845 - 25.845) + (362.084 - 72.763) )/ 2 )
=58.407/( (156+289.321)/ 2 )
=58.407/222.6605
=26.23 %

Andean Precious Metals'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 )
=235.86/( ( (185.445 - 32.097) + (362.084 - 72.763) )/ 2 )
=235.86/( ( 153.348 + 289.321 )/ 2 )
=235.86/221.3345
=106.56 %

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

* 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.


Andean Precious Metals  (TSXV:APM) 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.


Andean Precious Metals ROCE % Related Terms

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Andean Precious Metals (TSXV:APM) Business Description

Traded in Other Exchanges
Address
Ignacio L. Vallarta, No. 811 Sur, Col. El Mirador Centro, Monterrey, NL, MEX, 64070
Andean Precious Metals Corp is a Canadian-listed, growth-focused precious metals producer operating in Bolivia and the United States. The Company is engaged in the exploration, exploitation, treatment, refining and commercialization of dore bars containing silver and gold, which it extracts from its mining rights and through purchased third-party material.