Auka Capital (TSXV:AUK.P) ROCE % : -25.68% (As of Dec. 2023)

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What is Auka Capital 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. Auka Capital's annualized ROCE % for the quarter that ended in Dec. 2023 was -25.68%.

Auka Capital ROCE % Historical Data

The historical data trend for Auka Capital'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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Auka Capital ROCE % Chart

Auka Capital Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-53.44

-7.69

Auka Capital Quarterly Data
	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			-147.71	-3.18	2.14	-4.33	-25.68

Auka Capital ROCE % Calculation

Auka Capital'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 )
	=	-0.056	/	( ( (0.798 - 0.041)	+	(0.716 - 0.016) )	/ 2 )
	=	-0.056	/	( (0.757	+	0.7)	/ 2 )
	=	-0.056	/	0.7285
	=	-7.69 %

Auka Capital'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 )
	=	-0.184	/	( ( (0.734 - 0.001)	+	(0.716 - 0.016) )	/ 2 )
	=	-0.184	/	( ( 0.733	+	0.7 )	/ 2 )
	=	-0.184	/	0.7165
	=	-25.68 %

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

Auka Capital (TSXV:AUK.P) 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.

Auka Capital ROCE % Related Terms

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Auka Capital (TSXV:AUK.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Auka Capital Corp (TSXV:AUK.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

421 - 7th Avenue SW, Suite 1600, Calgary, AB, CAN, T2P 4K9

Website

https://www.aukacapital.com

Auka Capital Corp is a capital pool company.

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