Armada Mercantile (XCNQ:ARM) ROCE % : -0.13% (As of Nov. 2024)

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What is Armada Mercantile 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. Armada Mercantile's annualized ROCE % for the quarter that ended in Nov. 2024 was -0.13%.

Armada Mercantile ROCE % Historical Data

The historical data trend for Armada Mercantile'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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Armada Mercantile ROCE % Chart

Armada Mercantile Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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-400.00

205.30

1.35

4.73

-0.31

Armada Mercantile Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
ROCE %	Get a 7-Day Free Trial															2.18	-3.89	0.53	0.13	-0.13

Armada Mercantile ROCE % Calculation

Armada Mercantile's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	-0.018	/	( ( (6.381 - 0.529)	+	(6.346 - 0.516) )	/ 2 )
	=	-0.018	/	( (5.852	+	5.83)	/ 2 )
	=	-0.018	/	5.841
	=	-0.31 %

Armada Mercantile's ROCE % of for the quarter that ended in Nov. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	-0.008	/	( ( (6.65 - 0.495)	+	(6.676 - 0.472) )	/ 2 )
	=	-0.008	/	( ( 6.155	+	6.204 )	/ 2 )
	=	-0.008	/	6.1795
	=	-0.13 %

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

Armada Mercantile (XCNQ:ARM) 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.

Armada Mercantile ROCE % Related Terms

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Armada Mercantile Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Armada Mercantile Ltd (XCNQ:ARM) » Definitions » ROCE %

Comparable Companies

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AAMTF:USA

Address

1616 West 3rd Avenue, Suite 100, Vancouver, BC, CAN, V6J 1K2

Website

https://www.armadamercantile.com

Armada Mercantile Ltd is engaged in the business of investing in new and existing businesses and organizations. The company is a financial services company that focuses on merchant banking through its wholly-owned subsidiary Armada Group USA, Inc. The company, through its investment in Oxygen Funding, Inc. offers commercial finance services to companies; internationally, including account receivables "factoring", supply chain, equipment leasing, merchant cash advance and purchase order, and other types of specialized finance.