Axe2 Acquisitions (TSXV:AXET.P) ROCE % : -41.32% (As of Dec. 2023)

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What is Axe2 Acquisitions 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. Axe2 Acquisitions's annualized ROCE % for the quarter that ended in Dec. 2023 was -41.32%.

Axe2 Acquisitions ROCE % Historical Data

The historical data trend for Axe2 Acquisitions'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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Axe2 Acquisitions ROCE % Chart

Axe2 Acquisitions Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-185.71

-66.48

-38.10

Axe2 Acquisitions Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial						-174.42	-9.61	-53.16	-48.71	-41.32

Axe2 Acquisitions ROCE % Calculation

Axe2 Acquisitions'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 )
	=	-0.108	/	( ( (0.449 - 0.112)	+	(0.239 - 0.009) )	/ 2 )
	=	-0.108	/	( (0.337	+	0.23)	/ 2 )
	=	-0.108	/	0.2835
	=	-38.10 %

Axe2 Acquisitions'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 )
	=	-0.1	/	( ( (0.286 - 0.032)	+	(0.239 - 0.009) )	/ 2 )
	=	-0.1	/	( ( 0.254	+	0.23 )	/ 2 )
	=	-0.1	/	0.242
	=	-41.32 %

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

Axe2 Acquisitions (TSXV:AXET.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.

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Axe2 Acquisitions (TSXV:AXET.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Axe2 Acquisitions Inc (TSXV:AXET.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 King Street West, 29th Floor, Toronto, ON, CAN, M5L1G3

Website

Axe2 Acquisitions Inc is a capital pool company.

Axe2 Acquisitions (TSXV:AXET.P) Headlines

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