Advanced Gold Exploration (XCNQ:AUEX) ROCE % : -173.13% (As of Sep. 2024)

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What is Advanced Gold Exploration 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. Advanced Gold Exploration's annualized ROCE % for the quarter that ended in Sep. 2024 was -173.13%.

Advanced Gold Exploration ROCE % Historical Data

The historical data trend for Advanced Gold Exploration'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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Advanced Gold Exploration ROCE % Chart

Advanced Gold Exploration Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-24.55

-165.78

-117.08

Advanced Gold Exploration Quarterly Data
	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial												-1,062.18	153.40	-75.29	-80.83	-173.13

Advanced Gold Exploration ROCE % Calculation

Advanced Gold Exploration'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 )
	=	-0.562	/	( ( (1.024 - 0.489)	+	(0.973 - 0.548) )	/ 2 )
	=	-0.562	/	( (0.535	+	0.425)	/ 2 )
	=	-0.562	/	0.48
	=	-117.08 %

Advanced Gold Exploration'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 )
	=	-0.612	/	( ( (0.783 - 0.436)	+	(0.836 - 0.476) )	/ 2 )
	=	-0.612	/	( ( 0.347	+	0.36 )	/ 2 )
	=	-0.612	/	0.3535
	=	-173.13 %

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

Advanced Gold Exploration (XCNQ:AUEX) 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.

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Advanced Gold Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Advanced Gold Exploration Inc (XCNQ:AUEX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

4TG:Germany

Address

372 Bay Street, Suite 301, Toronto, ON, CAN, M5H 2W9

Website

https://www.advanceunited.ca

Advanced Gold Exploration Inc is a junior mining company. It is identifying and acquiring undervalued gold-bearing properties. Its projects include the Doyle Project, Paint Lake Road Project, and Buck Lake Property. It has one business segment and operates in the mineral exploration business in Canada.

Executives

James Atkinson

Director, Senior Officer

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