Apex Resources (TSXV:APX) ROCE % : -0.62% (As of Dec. 2023)

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What is Apex Resources 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. Apex Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.62%.

Apex Resources ROCE % Historical Data

The historical data trend for Apex Resources'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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Apex Resources ROCE % Chart

Apex Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-16.16

-7.72

-14.11

-22.22

-12.01

Apex Resources 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															-20.93	-13.97	-15.30	-19.23	-0.62

Apex Resources ROCE % Calculation

Apex Resources'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 )
	=	-0.327	/	( ( (3.181 - 0.371)	+	(3.091 - 0.455) )	/ 2 )
	=	-0.327	/	( (2.81	+	2.636)	/ 2 )
	=	-0.327	/	2.723
	=	-12.01 %

Apex Resources'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 )
	=	-0.016	/	( ( (3.074 - 0.557)	+	(3.091 - 0.455) )	/ 2 )
	=	-0.016	/	( ( 2.517	+	2.636 )	/ 2 )
	=	-0.016	/	2.5765
	=	-0.62 %

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

Apex Resources (TSXV:APX) 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.

Apex Resources ROCE % Related Terms

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Apex Resources (TSXV:APX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Apex Resources Inc (TSXV:APX) » Definitions » ROCE %

Comparable Companies

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SLMLF:USA

Address

625 Howe Street, Suite 615, Vancouver, BC, CAN, V6C 2X8

Website

https://www.apxresources.com

Apex Resources Inc is in the exploration stage and its principal business activity is the exploration and evaluation of mineral properties in Canada. The Company is in the process of exploring and evaluating its mineral properties and has not yet determined whether these properties contain ore reserves that are economically recoverable.

Executives

Arthur George Troup

Director, Senior Officer

Apex Resources (TSXV:APX) Headlines

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