Argo Opportunity (TSXV:AROC.P) ROCE % : -34.92% (As of Dec. 2024)

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What is Argo Opportunity 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. Argo Opportunity's annualized ROCE % for the quarter that ended in Dec. 2024 was -34.92%.

Argo Opportunity ROCE % Historical Data

The historical data trend for Argo Opportunity'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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Argo Opportunity ROCE % Chart

Argo Opportunity Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

ROCE %

-221.43

-94.06

-39.33

Argo Opportunity Quarterly Data
	Jul21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial									-50.13	-39.77	-49.84	-34.91	-34.92

Argo Opportunity ROCE % Calculation

Argo Opportunity's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-0.059	/	( ( (0.2 - 0.02)	+	(0.144 - 0.024) )	/ 2 )
	=	-0.059	/	( (0.18	+	0.12)	/ 2 )
	=	-0.059	/	0.15
	=	-39.33 %

Argo Opportunity's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-0.044	/	( ( (0.154 - 0.022)	+	(0.144 - 0.024) )	/ 2 )
	=	-0.044	/	( ( 0.132	+	0.12 )	/ 2 )
	=	-0.044	/	0.126
	=	-34.92 %

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

Argo Opportunity (TSXV:AROC.P) 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.

Argo Opportunity ROCE % Related Terms

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Argo Opportunity Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Argo Opportunity Corp (TSXV:AROC.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Stn Terminal, P.O. Box 3566, Vancouver, BC, CAN, V6B 3Y6

Website

Argo Opportunity Corp is a capital pool company. The Company proposes to identify and evaluate businesses and assets with a view to completing a qualifying transaction. It intends to pursue a qualifying transaction in the field of growth-oriented operating companies.

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