Atha Energy (TSXV:SASK) ROCE % : -1.78% (As of Sep. 2024)

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What is Atha Energy 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. Atha Energy's annualized ROCE % for the quarter that ended in Sep. 2024 was -1.78%.

Atha Energy ROCE % Historical Data

The historical data trend for Atha Energy'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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Atha Energy ROCE % Chart

Atha Energy Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-26.17

-29.95

Atha Energy Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial									-32.68	-33.42	-15.03	-3.93	-1.78

Atha Energy ROCE % Calculation

Atha Energy'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 )
	=	-15.132	/	( ( (42.034 - 34.076)	+	(99.158 - 6.057) )	/ 2 )
	=	-15.132	/	( (7.958	+	93.101)	/ 2 )
	=	-15.132	/	50.5295
	=	-29.95 %

Atha Energy's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-3.732	/	( ( (215.965 - 6.105)	+	(216.246 - 6.45) )	/ 2 )
	=	-3.732	/	( ( 209.86	+	209.796 )	/ 2 )
	=	-3.732	/	209.828
	=	-1.78 %

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

Atha Energy (TSXV:SASK) 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.

Atha Energy ROCE % Related Terms

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Atha Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Atha Energy Corp (TSXV:SASK) » Definitions » ROCE %

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Traded in Other Exchanges

SASKF:USA X5U:Germany

Address

1066 West Hastings Street, Suite 1240, Vancouver, BC, CAN, V6E 3X1

Website

https://www.athaenergy.com

Atha Energy Corp is a mineral company engaged in the acquisition, exploration, and development of uranium assets in the pursuit of a clean energy future. It owned uranium projects namely the Angilak Project located in Nunavut, CMB Discoveries in Labrador and newly discovered basement hosted GMZ high-grade uranium discovery located in the Athabasca Basin. In addition, the Company holds the cumulative prospective exploration land package in two basins for uranium discoveries. The group also holds interest in key Athabasca Basin exploration projects operated by NexGen Energy Ltd. and IsoEnergy Ltd.

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