Ares Strategic Mining (XCNQ:ARS) ROCE % : 2.78% (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Ares Strategic Mining 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. Ares Strategic Mining's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.78%.

Ares Strategic Mining ROCE % Historical Data

The historical data trend for Ares Strategic Mining'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.

* Premium members only.

Ares Strategic Mining ROCE % Chart

Ares Strategic Mining Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

Get a 7-Day Free Trial

-30.79

-73.27

-47.57

-37.98

-27.10

Ares Strategic Mining Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-64.18	-9.85	-6.36	0.41	2.78

Ares Strategic Mining ROCE % Calculation

Ares Strategic Mining's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-4.061	/	( ( (16.134 - 1.059)	+	(17.475 - 2.578) )	/ 2 )
	=	-4.061	/	( (15.075	+	14.897)	/ 2 )
	=	-4.061	/	14.986
	=	-27.10 %

Ares Strategic Mining's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	0.736	/	( ( (30.076 - 3.493)	+	(31.323 - 5.03) )	/ 2 )
	=	0.736	/	( ( 26.583	+	26.293 )	/ 2 )
	=	0.736	/	26.438
	=	2.78 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Ares Strategic Mining (XCNQ:ARS) 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.

Ares Strategic Mining ROCE % Related Terms

Thank you for viewing the detailed overview of Ares Strategic Mining's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Ares Strategic Mining (XCNQ:ARS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ares Strategic Mining Inc (XCNQ:ARS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ARSMF:USA N8I:Germany

Address

409 Granville Street, Suite 1001, Vancouver, BC, CAN, V6C 1T2

Website

https://www.aresmining.com

Ares Strategic Mining Inc is a junior natural resource mining company. The Company has one reportable segment, being the acquisition, exploration, and development of resource properties. It is engaged in the acquisition and exploration of lithium resource properties. Its projects include Lost Sheep, Vanadium Ridge Property, and Liard Property.

Executives

James Walker

Director, Senior Officer

Ares Strategic Mining (XCNQ:ARS) Headlines

No Headlines