Arctic Fox Lithium (XCNQ:AFX) ROCE % : -75.90% (As of Dec. 2023)

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What is Arctic Fox Lithium 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. Arctic Fox Lithium's annualized ROCE % for the quarter that ended in Dec. 2023 was -75.90%.

Arctic Fox Lithium ROCE % Historical Data

The historical data trend for Arctic Fox Lithium'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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Arctic Fox Lithium ROCE % Chart

Arctic Fox Lithium Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

ROCE %

-42.61

-62.83

-64.89

-770.86

Arctic Fox Lithium Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial										-111.43	-673.68	-3,507.94	-80.00	-75.90

Arctic Fox Lithium ROCE % Calculation

Arctic Fox Lithium's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-3.465	/	( ( (0.202 - 0.009)	+	(1.168 - 0.462) )	/ 2 )
	=	-3.465	/	( (0.193	+	0.706)	/ 2 )
	=	-3.465	/	0.4495
	=	-770.86 %

Arctic Fox Lithium'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 )
	=	-0.808	/	( ( (1.395 - 0.341)	+	(1.234 - 0.159) )	/ 2 )
	=	-0.808	/	( ( 1.054	+	1.075 )	/ 2 )
	=	-0.808	/	1.0645
	=	-75.90 %

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

Arctic Fox Lithium (XCNQ:AFX) 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.

Arctic Fox Lithium ROCE % Related Terms

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Arctic Fox Lithium (XCNQ:AFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arctic Fox Lithium Corp (XCNQ:AFX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

O5K:Germany

Address

1030 West Georgia Street, Suite 905, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.arcticfoxlithium.com

Arctic Fox Lithium Corp is a mineral exploration company. Its projects include Pontax North Lithium Project, Kana Lake Lithium Project, Delta Lake Lithium project and Spius copper property.

Executives

Harry Chew

10% Security Holder, Director, Senior Officer

Arctic Fox Lithium (XCNQ:AFX) Headlines

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