Apex Critical Metals (XCNQ:APXC) ROCE % : -46.94% (As of Apr. 2024)

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What is Apex Critical Metals 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. Apex Critical Metals's annualized ROCE % for the quarter that ended in Apr. 2024 was -46.94%.

Apex Critical Metals ROCE % Historical Data

The historical data trend for Apex Critical Metals'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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Apex Critical Metals ROCE % Chart

Apex Critical Metals Annual Data

Trend

Jul22

ROCE %

-9.15

Apex Critical Metals Quarterly Data
	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
ROCE %	Get a 7-Day Free Trial					-34.32	-48.60	-50.10	-50.29	-46.94

Apex Critical Metals ROCE % Calculation

Apex Critical Metals's annualized ROCE % for the fiscal year that ended in Jul. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2022 )		(A: . 20 )		(A: Jul. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2022 )		(A: . 20 )		(A: Jul. 2022 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Apex Critical Metals's ROCE % of for the quarter that ended in Apr. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Apr. 2024 )		(Q: Jan. 2024 )		(Q: Apr. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2024 )		(Q: Jan. 2024 )		(Q: Apr. 2024 )
	=	-0.764	/	( ( (1.44 - 0.091)	+	(1.944 - 0.038) )	/ 2 )
	=	-0.764	/	( ( 1.349	+	1.906 )	/ 2 )
	=	-0.764	/	1.6275
	=	-46.94 %

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

Apex Critical Metals (XCNQ:APXC) 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.

Apex Critical Metals ROCE % Related Terms

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Apex Critical Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Apex Critical Metals Corp (XCNQ:APXC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

APXCF:USA

Address

789 West Pender Street, Suite 1450, Vancouver, BC, CAN, V6C 1H2

Website

https://www.eaglebayresources.com

Eagle Bay Resources Corp is in the business of acquiring, exploring, developing and evaluating mineral resource properties. The Company is in the exploration stage and has interests in properties located in British Columbia, Canada.

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