American Eagle Gold (American Eagle Gold) ROCE % : -325.94% (As of Dec. 2023)

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What is American Eagle Gold 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 Eagle Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -325.94%.

American Eagle Gold ROCE % Historical Data

The historical data trend for American Eagle Gold'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 Eagle Gold ROCE % Chart

American Eagle Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-184.88

-166.18

-197.21

-365.39

American Eagle Gold Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial										-339.48	-1,028.81	-288.67	-397.79	-325.94

American Eagle Gold ROCE % Calculation

American Eagle Gold'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 )
	=	-4.761	/	( ( (0.858 - 0.878)	+	(3.514 - 0.888) )	/ 2 )
	=	-4.761	/	( (-0.02	+	2.626)	/ 2 )
	=	-4.761	/	1.303
	=	-365.39 %

American Eagle Gold's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-7.992	/	( ( (3.591 - 1.313)	+	(3.514 - 0.888) )	/ 2 )
	=	-7.992	/	( ( 2.278	+	2.626 )	/ 2 )
	=	-7.992	/	2.452
	=	-325.94 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

American Eagle Gold (OTCPK:AMEGF) 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 Eagle Gold ROCE % Related Terms

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American Eagle Gold (American Eagle Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » American Eagle Gold Corp (OTCPK:AMEGF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AE:Canada

Address

55 University Avenue, Suite 1805, Toronto, ON, CAN, M5J 2H7

Website

https://www.americaneaglegold.ca

American Eagle Gold Corp is focused on advancing its NAK property located in the Babine Copper-Gold Porphyry district in central British Columbia. NAK's known copper-gold porphyry mineralization is open at depth and is defined by a compelling geophysical signature analogous to Newcrest's Red Chris Mine and Newmont's Tatogga project located in Northwest BC. The company is drilling to test the property's geophysical features in search of a robust underground block cave copper-gold porphyry deposit.

American Eagle Gold (American Eagle Gold) Headlines

From GuruFocus

American Eagle Gold Corp. Opens the Market

By PRNewswire • 01-09-2024