Ashley Gold (XCNQ:ASHL) ROCE % : -96.22% (As of Mar. 2024)

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What is Ashley Gold 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. Ashley Gold's annualized ROCE % for the quarter that ended in Mar. 2024 was -96.22%.

Ashley Gold ROCE % Historical Data

The historical data trend for Ashley Gold'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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Ashley Gold ROCE % Chart

Ashley Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-100.23

-41.84

-73.51

Ashley Gold Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									-56.88	-92.66	-135.81	-130.93	-96.22

Ashley Gold ROCE % Calculation

Ashley Gold's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-0.512	/	( ( (0.99 - 0.038)	+	(0.589 - 0.148) )	/ 2 )
	=	-0.512	/	( (0.952	+	0.441)	/ 2 )
	=	-0.512	/	0.6965
	=	-73.51 %

Ashley Gold's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-0.484	/	( ( (0.589 - 0.148)	+	(0.728 - 0.163) )	/ 2 )
	=	-0.484	/	( ( 0.441	+	0.565 )	/ 2 )
	=	-0.484	/	0.503
	=	-96.22 %

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

Ashley Gold (XCNQ:ASHL) 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.

Ashley Gold ROCE % Related Terms

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Ashley Gold (XCNQ:ASHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ashley Gold Corp (XCNQ:ASHL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

707 - 7 Avenue SW, Suite 1150, Calgary, AB, CAN, T2P 3H6

Website

https://www.ashleygoldcorp.com

Ashley Gold Corp is engaged in the acquisition and exploration of mineral properties in the natural resource sector with the long-term goal of divesting its investment assets at a profit. The company projects include Tabor Lake Mine, Howie Lake and Alto-Gardnar.

Executives

George Elliott Stephenson

Director, Senior Officer

Ashley Gold (XCNQ:ASHL) Headlines

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