Asbestos Corp

Asbestos Corp ROCE

The Return on Capital Employed (ROCE) of Asbestos Corp (AB.H.V) as of Oct 17, 2026 is -27.72 %. In the previous year, Return on Capital Employed (ROCE) was -12.72 % — a change of 117.89% (lower).

ROCE

-27.72 %

YoY

117.89%

Last updated:

In 2024, Asbestos Corp's return on capital employed (ROCE) was -27.72 %, a 117.89% increase from the -12.72 % ROCE in the previous year.

The Asbestos Corp ROCE history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

ROCE
Date
ROCE
Jan 1, 2017
-1.73 CAD
Jan 1, 2018
-1.50 CAD
Jan 1, 2019
-6.12 CAD
Jan 1, 2020
-2.14 CAD
Jan 1, 2021
-17.85 CAD
Jan 1, 2022
2.69 CAD
Jan 1, 2023
-12.72 CAD
Jan 1, 2024
-27.72 CAD
The Asbestos Corp ROCE history
YEARROCEYoY
-27.72 %+117.89%
-12.72 %-572.83%
2.69 %-115.07%
-17.85 %+732.81%
-2.14 %-64.99%
-6.12 %+308.60%
-1.50 %-13.24%
-1.73 %-51.38%
-3.55 %-61.99%
-9.34 %-746.00%
1.45 %—

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Asbestos Corp Stock analysis

What does Asbestos Corp do? Asbestos Corp Ltd, listed under the ticker AB.H.V with ISIN CA0434201087, is a Canadian company headquartered in Thetford Mines. The company operates within the Materials sector, specifically in the Metals & Mining industry. Its IPO took place on March 17, 1980. Asbestos Corp Ltd manages mining sites across Canada, with its headquarters located in Thetford Mines, Quebec. The company reports owning eight mining sites, covering a total area of approximately 4,684 hectares within the regional county municipalities of Appalaches and Robert-Cliche. These sites hold ore reserves amounting to approximately 266 million metric tons. The company has partnered with Beton Provincial for the operation of a granite quarry. It has developed mineral resources totaling around 266 million metric tons, which include magnesium and nickel. These materials are recognized as critical and strategic by both Canada and the United States. The company's website is https://mazarin.ca/. Asbestos Corp is one of the most popular companies on Eulerpool.

ROCE Details

Unraveling Asbestos Corp's Return on Capital Employed (ROCE)

Asbestos Corp's Return on Capital Employed (ROCE) is a financial metric that measures the company's profitability and efficiency with respect to the capital employed. It is calculated by dividing earnings before interest and tax (EBIT) by the employed capital. A higher ROCE indicates that the company is effectively utilizing its capital to generate profits.

Year-to-Year Comparison

Analyzing Asbestos Corp's ROCE annually provides valuable insights into its efficiency in using its capital to generate profits. An increasing ROCE indicates improved profitability and operational efficiency, whereas a decrease might signal potential issues in capital utilization or business operations.

Impact on Investments

Asbestos Corp's ROCE is a critical factor for investors and analysts for evaluating the company’s efficiency and profitability. A higher ROCE can make the company an attractive investment, as it often signifies that the firm is generating adequate profits from its employed capital.

Interpreting ROCE Fluctuations

Changes in Asbestos Corp’s ROCE are attributed to variations in EBIT or the capital employed. These fluctuations offer insights into the company’s operational efficiency, financial performance, and strategic financial management, assisting investors in making informed investment decisions.

Frequently Asked Questions about Asbestos Corp stock

Return on Capital Employed (ROCE) of Asbestos Corp is -27.72 % in 2024.

Return on Capital Employed (ROCE) of Asbestos Corp changed from -12.72 % to -27.72 %, representing a 117.89% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Return on Capital Employed (ROCE) Asbestos Corp since 2006 – with annual values, charts, and detailed analysis.

ROCE is a profitability measure and stands for Return on Capital Employed or the return on invested capital. The measure shows the ratio of operating profit to the interest-bearing capital employed. The higher the return on capital employed, the more profitable a company operates and the higher the important free cash flow. The free cash flow refers to the portion of profits that is not needed for expanding the company at the end of a period, but is available to shareholders.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Return on Capital Employed (ROCE)'s Asbestos Corp with sector peers and the industry average to assess whether it is attractive.

To evaluate Return on Capital Employed (ROCE)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for Return on Capital Employed (ROCE).

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Profitability — Asbestos Corp

All Key Metrics — Asbestos Corp