GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Acme Gold Co Ltd (XCNQ:AGE) » Definitions » ROCE %

Acme Gold Co (XCNQ:AGE) ROCE % : -40.00% (As of Sep. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Acme Gold Co 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. Acme Gold Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -40.00%.


Acme Gold Co ROCE % Historical Data

The historical data trend for Acme Gold Co'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.

Acme Gold Co ROCE % Chart

Acme Gold Co Annual Data
Trend Sep21 Sep22 Sep23 Sep24
ROCE %
-34.83 -54.78 -25.95 -58.77

Acme Gold Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -20.22 -85.25 -67.66 -50.00 -40.00

Acme Gold Co ROCE % Calculation

Acme Gold Co's annualized ROCE % for the fiscal year that ended in Sep. 2024 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Sep. 2024 )  (A: Sep. 2023 )(A: Sep. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Sep. 2024 )  (A: Sep. 2023 )(A: Sep. 2024 )
=-0.062/( ( (0.135 - 0) + (0.076 - 0) )/ 2 )
=-0.062/( (0.135+0.076)/ 2 )
=-0.062/0.1055
=-58.77 %

Acme Gold Co'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 )
=-0.032/( ( (0.084 - 0) + (0.076 - 0) )/ 2 )
=-0.032/( ( 0.084 + 0.076 )/ 2 )
=-0.032/0.08
=-40.00 %

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


Acme Gold Co  (XCNQ:AGE) 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.


Acme Gold Co ROCE % Related Terms

Thank you for viewing the detailed overview of Acme Gold Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Acme Gold Co Business Description

Traded in Other Exchanges
N/A
Address
992 East 13th Avenue, Vancouver, BC, CAN, V5T 2L6
Website
Acme Gold Co Ltd is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration program on the Lemon Lake Property.