AJN Resources (XCNQ:AJN) ROCE % : -537.15% (As of Jan. 2024)

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What is AJN Resources 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. AJN Resources's annualized ROCE % for the quarter that ended in Jan. 2024 was -537.15%.

AJN Resources ROCE % Historical Data

The historical data trend for AJN Resources'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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AJN Resources ROCE % Chart

AJN Resources Annual Data

Trend

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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-16.05

-133.75

-40.52

-132.64

-780.18

AJN Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-	-	-	-287.06	-537.15

AJN Resources ROCE % Calculation

AJN Resources's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	-1.299	/	( ( (1.669 - 1.353)	+	(1.829 - 1.812) )	/ 2 )
	=	-1.299	/	( (0.316	+	0.017)	/ 2 )
	=	-1.299	/	0.1665
	=	-780.18 %

AJN Resources's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-6.376	/	( ( (3.029 - 1.477)	+	(2.299 - 1.477) )	/ 2 )
	=	-6.376	/	( ( 1.552	+	0.822 )	/ 2 )
	=	-6.376	/	1.187
	=	-537.15 %

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

AJN Resources (XCNQ:AJN) 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.

AJN Resources ROCE % Related Terms

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AJN Resources (XCNQ:AJN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » AJN Resources Inc (XCNQ:AJN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

5AT:Germany

Address

1199 West Hastings Street, Suite 1400, Vancouver, BC, CAN, V6E 3T5

Website

https://www.ajnresources.com

AJN Resources Inc is an exploration and development company in Canada. The company is in the business of the exploration and evaluation of mineral properties in Nevada, USA. The company operated in a single reporting segment of acquisition, exploration, and development of mineral properties. It holds an interest in Salt Wells Lithium Project, and potential exploration permits located in the Manono Territory, Tanganyika Province of the Democratic Republic of the Congo.

Executives

Klaus Peter Eckhof	Director, Senior Officer
Mark Richard Gasson	10% Security Holder, Director, Senior Officer

AJN Resources (XCNQ:AJN) Headlines

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