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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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -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.

* 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.


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.


Advanced Gold Exploration ROCE % Related Terms

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Advanced Gold Exploration Business Description

Traded in Other Exchanges
Address
372 Bay Street, Suite 301, Toronto, ON, CAN, M5H 2W9
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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