American Tungsten (XCNQ:TUNG) ROCE % : 0.00% (As of Sep. 2024)

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What is American Tungsten 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. American Tungsten's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

American Tungsten ROCE % Historical Data

The historical data trend for American Tungsten'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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American Tungsten ROCE % Chart

American Tungsten Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-109.76

-164.29

-707.80

American Tungsten Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial								-484.55	-787.30	-752.94	-	-

American Tungsten ROCE % Calculation

American Tungsten'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 )
	=	-0.499	/	( ( (0.182 - 0.107)	+	(0.133 - 0.067) )	/ 2 )
	=	-0.499	/	( (0.075	+	0.066)	/ 2 )
	=	-0.499	/	0.0705
	=	-707.80 %

American Tungsten'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 )
	=	-0.308	/	( ( (0.039 - 0.094)	+	(0.024 - 0.134) )	/ 2 )
	=	-0.308	/	( ( -0.055	+	-0.11 )	/ 2 )
	=	-0.308	/	-0.0825
	=	0 %

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

American Tungsten (XCNQ:TUNG) 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.

American Tungsten ROCE % Related Terms

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American Tungsten Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » American Tungsten Corp (XCNQ:TUNG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DEMRF:USA RK90:Germany

Address

1055 West Georgia Street, Suite 1500, Vancouver, BC, CAN, V6E 4N7

Website

https://www.americantungstencorp.com

American Tungsten Corp is a Canadian exploration company focused on advancing high-grade magnetite mineral properties. Its flagship asset, the IMA Mine Project in Idaho, is a past-producing tungsten property with historical output. With an option to secure 100 percent ownership, American Tungsten is strategically positioned to capitalize on the growing demand for critical minerals. The company also holds the Star Project, spanning approximately 4,615.75 hectares in British Columbia's renowned Skeena Mining Division area known for rich mineral deposits.

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