Applied Graphite Technologies (TSXV:AGT) ROCE % : 76.05% (As of Dec. 2023)

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What is Applied Graphite Technologies 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. Applied Graphite Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was 76.05%.

Applied Graphite Technologies ROCE % Historical Data

The historical data trend for Applied Graphite Technologies'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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Applied Graphite Technologies ROCE % Chart

Applied Graphite Technologies Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-3.23

-31.21

-10.13

Applied Graphite Technologies Quarterly Data
	Dec21	Sep22	Dec22	Sep23	Dec23
ROCE %	-	-	-64.35	-104.32	76.05

Applied Graphite Technologies ROCE % Calculation

Applied Graphite Technologies'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 )
	=	-0.097	/	( ( (1.021 - 0.014)	+	(0.958 - 0.049) )	/ 2 )
	=	-0.097	/	( (1.007	+	0.909)	/ 2 )
	=	-0.097	/	0.958
	=	-10.13 %

Applied Graphite Technologies'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 )
	=	0.508	/	( ( (0.51 - 0.083)	+	(0.958 - 0.049) )	/ 2 )
	=	0.508	/	( ( 0.427	+	0.909 )	/ 2 )
	=	0.508	/	0.668
	=	76.05 %

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

Applied Graphite Technologies (TSXV:AGT) 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.

Applied Graphite Technologies ROCE % Related Terms

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Applied Graphite Technologies (TSXV:AGT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Applied Graphite Technologies Corp (TSXV:AGT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1111 West Hastings Street, Suite 905, Vancouver, BC, CAN, V6E 2J3

Website

https://www.appliedgraphite.com

Applied Graphite Technologies Corp is exploration and development company focused on identifying and exploring prospective graphite projects in Sri Lanka.