Amaroq Minerals (TSXV:AMRQ) ROCE % : -83.61% (As of Dec. 2023)

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What is Amaroq Minerals 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. Amaroq Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -83.61%.

Amaroq Minerals ROCE % Historical Data

The historical data trend for Amaroq Minerals'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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Amaroq Minerals ROCE % Chart

Amaroq Minerals Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-275.11

-36.75

-46.63

-41.81

-1.24

Amaroq Minerals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-39.84	-21.59	128.37	-28.45	-83.61

Amaroq Minerals ROCE % Calculation

Amaroq Minerals'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 )
	=	-0.799	/	( ( (65.096 - 1.211)	+	(106.953 - 42.097) )	/ 2 )
	=	-0.799	/	( (63.885	+	64.856)	/ 2 )
	=	-0.799	/	64.3705
	=	-1.24 %

Amaroq Minerals'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 )
	=	-59.964	/	( ( (111.193 - 32.614)	+	(106.953 - 42.097) )	/ 2 )
	=	-59.964	/	( ( 78.579	+	64.856 )	/ 2 )
	=	-59.964	/	71.7175
	=	-83.61 %

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

Amaroq Minerals (TSXV:AMRQ) 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.

Amaroq Minerals ROCE % Related Terms

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Amaroq Minerals (TSXV:AMRQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Amaroq Minerals Ltd (TSXV:AMRQ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AMRQ:Iceland AMRQ:UK 72Q:Germany

Address

3400 One First Canadian Place, PO Box 130, Toronto, ON, CAN, M5X 1A4

Website

https://www.amaroqminerals.com

Amaroq Minerals Ltd Is an exploration company with a focus on locating high-grade gold deposits in Greenland. The company owns seven licenses in South Greenland covering an area of 4,090 km, which are highly prospective for gold and other strategic minerals.

Executives

Eldur Olafsson

Director, Director or Senior Officer of 10% Security Holder, Senior Officer

Amaroq Minerals (TSXV:AMRQ) Headlines

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