Apollo Silver (Apollo Silver) ROCE % : -5.74% (As of Feb. 2024)

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What is Apollo Silver 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. Apollo Silver's annualized ROCE % for the quarter that ended in Feb. 2024 was -5.74%.

Apollo Silver ROCE % Historical Data

The historical data trend for Apollo Silver'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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Apollo Silver ROCE % Chart

Apollo Silver Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

ROCE %

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-53.84

-5.37

-10.99

Apollo Silver Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Feb24
ROCE %	Get a 7-Day Free Trial															-14.57	-6.76	-5.59	-2.89	-5.74

Apollo Silver ROCE % Calculation

Apollo Silver's annualized ROCE % for the fiscal year that ended in Nov. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2022 )		(A: Nov. 2021 )		(A: Nov. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2022 )		(A: Nov. 2021 )		(A: Nov. 2022 )
	=	-7.857	/	( ( (75.756 - 0.224)	+	(69.034 - 1.642) )	/ 2 )
	=	-7.857	/	( (75.532	+	67.392)	/ 2 )
	=	-7.857	/	71.462
	=	-10.99 %

Apollo Silver's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	-1.928	/	( ( (65.06 - 0.115)	+	(2.433 - 0.221) )	/ 2 )
	=	-1.928	/	( ( 64.945	+	2.212 )	/ 2 )
	=	-1.928	/	33.5785
	=	-5.74 %

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

Apollo Silver (OTCPK:APGOF) 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.

Apollo Silver ROCE % Related Terms

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Apollo Silver (Apollo Silver) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Apollo Silver Corp (OTCPK:APGOF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

6ZF0:Germany APGO:Canada

Address

1030 West Georgia Street, Suite 710, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.apollosilver.com

Apollo Silver Corp is exploration and development company in the U.S. The Company, together with its subsidiaries, is a mineral exploration and development group focused on advancing its portfolio of two silver exploration and resource development projects in the United States. The adjacent Waterloo and Langtry Projects are located in the historic Calico Silver Mining District, California. The Arizona Silver District Project is located in a historic silver mining district in southwestern Arizona. Geographically, the company operates in Canada and United States.