American Copper Development (XCNQ:ACDX) ROCE % : -3.02% (As of Sep. 2024)

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What is American Copper Development 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. American Copper Development's annualized ROCE % for the quarter that ended in Sep. 2024 was -3.02%.

American Copper Development ROCE % Historical Data

The historical data trend for American Copper Development'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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American Copper Development ROCE % Chart

American Copper Development Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-28.15

-32.69

-17.26

-5.48

American Copper Development Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial													-4.68	-3.76	-2.55	-3.10	-3.02

American Copper Development ROCE % Calculation

American Copper Development'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 )
	=	-1.09	/	( ( (21.741 - 1.576)	+	(22.326 - 2.708) )	/ 2 )
	=	-1.09	/	( (20.165	+	19.618)	/ 2 )
	=	-1.09	/	19.8915
	=	-5.48 %

American Copper Development'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 )
	=	-0.516	/	( ( (17.557 - 0.221)	+	(17.396 - 0.543) )	/ 2 )
	=	-0.516	/	( ( 17.336	+	16.853 )	/ 2 )
	=	-0.516	/	17.0945
	=	-3.02 %

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

American Copper Development (XCNQ:ACDX) 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.

American Copper Development ROCE % Related Terms

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American Copper Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » American Copper Development Corp (XCNQ:ACDX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ACDXF:USA

Address

1030 West Georgia Street, Suite 710, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.american-copper.com

American Copper Development Corp is engaged in the process of acquiring and exploring exploration and evaluation assets in Canada. The company's principal asset is the Chuchi South and Lordsburg project which is involved in base and precious metals exploration.

Executives

Gerhard Daniel Schieber

Director, Senior Officer

American Copper Development Headlines

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