Auric Minerals (XCNQ:AUMC) ROCE % : -173.98% (As of Apr. 2024)

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What is Auric Minerals 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. Auric Minerals's annualized ROCE % for the quarter that ended in Apr. 2024 was -173.98%.

Auric Minerals ROCE % Historical Data

The historical data trend for Auric Minerals'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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Auric Minerals ROCE % Chart

Auric Minerals Annual Data

Trend

Oct21

Oct22

Oct23

ROCE %

-8.25

-41.42

Auric Minerals Quarterly Data
	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
ROCE %	Get a 7-Day Free Trial						-74.70	-9.91	-89.17	-72.85	-173.98

Auric Minerals ROCE % Calculation

Auric Minerals's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-0.14	/	( ( (0.38 - 0.008)	+	(0.318 - 0.014) )	/ 2 )
	=	-0.14	/	( (0.372	+	0.304)	/ 2 )
	=	-0.14	/	0.338
	=	-41.42 %

Auric Minerals'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 )
	=	-0.428	/	( ( (0.274 - 0.007)	+	(0.232 - 0.007) )	/ 2 )
	=	-0.428	/	( ( 0.267	+	0.225 )	/ 2 )
	=	-0.428	/	0.246
	=	-173.98 %

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

Auric Minerals (XCNQ:AUMC) 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.

Auric Minerals ROCE % Related Terms

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Auric Minerals (XCNQ:AUMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Auric Minerals Corp (XCNQ:AUMC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

106-482 South Service Road East, Suite 125, Oakville, ON, CAN, L6J 2X6

Website

Auric Minerals Corp engages in the acquisition, exploration, and evaluation of mineral property interests located in Canada. The firm holds an interest in the Goodeye Project.

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