Armory Mining (XCNQ:ARMY) ROCE % : -12.43% (As of Aug. 2024)

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What is Armory Mining 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. Armory Mining's annualized ROCE % for the quarter that ended in Aug. 2024 was -12.43%.

Armory Mining ROCE % Historical Data

The historical data trend for Armory Mining'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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Armory Mining ROCE % Chart

Armory Mining Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

ROCE %

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-111.05

-71.71

-66.71

-46.32

Armory Mining Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
ROCE %	Get a 7-Day Free Trial															-21.73	-23.18	-11.05	-35.39	-12.43

Armory Mining ROCE % Calculation

Armory Mining's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	-2.467	/	( ( (8.588 - 0.932)	+	(3.976 - 0.981) )	/ 2 )
	=	-2.467	/	( (7.656	+	2.995)	/ 2 )
	=	-2.467	/	5.3255
	=	-46.32 %

Armory Mining's ROCE % of for the quarter that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	-0.324	/	( ( (3.535 - 0.887)	+	(3.486 - 0.921) )	/ 2 )
	=	-0.324	/	( ( 2.648	+	2.565 )	/ 2 )
	=	-0.324	/	2.6065
	=	-12.43 %

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

Armory Mining (XCNQ:ARMY) 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.

Armory Mining ROCE % Related Terms

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Armory Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Armory Mining Corp (XCNQ:ARMY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

RMRYF:USA 2JS:Germany

Address

1199 West Hastings Street, Suite 1100, Vancouver, BC, CAN, V6E 3T5

Website

https://www.speyresources.ca

Armory Mining Corps is a Canadian lithium-focused mineral exploration company that has an 80% interest in the Candela II lithium brine project located in the Incahuasi Salar, Salta Province, Argentina. Armory also holds a 100% interest in the Kaslo Silver project, west of Kaslo, British Columbia, a 100% interest in certain mineral claims located in Haida Gwaii, British Columbia and an option to acquire a 100% interest in certain mineral claims located in Nova Scotia.

Executives

Nader Vatanchi	Director, Senior Officer
Phillip Thomas	Senior Officer
Tracy Mabone	Senior Officer
Marshall Farris	10% Security Holder

Armory Mining Headlines

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