Eastfield Resources (Eastfield Resources) ROCE % : -7.81% (As of Nov. 2023)

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What is Eastfield 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. Eastfield Resources's annualized ROCE % for the quarter that ended in Nov. 2023 was -7.81%.

Eastfield Resources ROCE % Historical Data

The historical data trend for Eastfield 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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Eastfield Resources ROCE % Chart

Eastfield Resources Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

ROCE %

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-8.57

-5.81

6.74

-11.19

-8.44

Eastfield Resources Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial															-1.84	-16.10	-4.82	-9.27	-7.81

Eastfield Resources ROCE % Calculation

Eastfield Resources's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	-0.204	/	( ( (2.974 - 0.178)	+	(2.215 - 0.177) )	/ 2 )
	=	-0.204	/	( (2.796	+	2.038)	/ 2 )
	=	-0.204	/	2.417
	=	-8.44 %

Eastfield Resources's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	-0.136	/	( ( (2.071 - 0.134)	+	(1.67 - 0.123) )	/ 2 )
	=	-0.136	/	( ( 1.937	+	1.547 )	/ 2 )
	=	-0.136	/	1.742
	=	-7.81 %

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

Eastfield Resources (OTCPK:ETFLF) 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.

Eastfield Resources ROCE % Related Terms

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Eastfield Resources (Eastfield Resources) Business Description

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ETF:Canada

Address

325 Howe Street, Suite 110, Vancouver, BC, CAN, V6C 1Z7

Website

https://www.eastfieldresources.com

Eastfield Resources Ltd is a Canadian mineral exploration company focused on the discovery of precious metal and copper deposits. Its principal business activities are the acquisition and exploration of gold, copper and other precious and base metal properties in Canada. The company projects includes Zymo, Indata, Iron leg, Hegde Hog and CR projects.

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