Encanto Potash (TSXV:EPO.H) ROCE % : 0.00% (As of Dec. 2023)

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What is Encanto Potash 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. Encanto Potash's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Encanto Potash ROCE % Historical Data

The historical data trend for Encanto Potash'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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Encanto Potash ROCE % Chart

Encanto Potash Annual Data

Trend

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Dec23

ROCE %

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Encanto Potash Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Encanto Potash ROCE % Calculation

Encanto Potash'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 )
	=	-0.286	/	( ( (0.241 - 27.748)	+	(0.097 - 29.307) )	/ 2 )
	=	-0.286	/	( (-27.507	+	-29.21)	/ 2 )
	=	-0.286	/	-28.3585
	=	1.01 %

Encanto Potash'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 )
	=	-0.108	/	( ( (0.118 - 28.924)	+	(0.097 - 29.307) )	/ 2 )
	=	-0.108	/	( ( -28.806	+	-29.21 )	/ 2 )
	=	-0.108	/	-29.008
	=	0 %

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

Encanto Potash (TSXV:EPO.H) 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.

Encanto Potash ROCE % Related Terms

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Encanto Potash (TSXV:EPO.H) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Encanto Potash Corp (TSXV:EPO.H) » Definitions » ROCE %

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ENCTF:USA

Address

3123 - 595 Burrard Street, Vancouver, BC, CAN, V7X 1J1

Website

https://www.encantopotash.ca

Encanto Potash Corp is a Canadian-based company involved in the industrial metals and mining business sector. The company is engaged in the exploration and development of potash properties in the Province of Saskatchewan. It focuses on the Muskowekwan First Nation potash mineral deposits located on the reserve lands approximately 100 km north of Regina, Saskatchewan.

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