Elcora Advanced Materials (TSXV:ERA) ROCE % : -1,746.34% (As of Dec. 2023)

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What is Elcora Advanced Materials 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. Elcora Advanced Materials's annualized ROCE % for the quarter that ended in Dec. 2023 was -1,746.34%.

Elcora Advanced Materials ROCE % Historical Data

The historical data trend for Elcora Advanced Materials'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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Elcora Advanced Materials ROCE % Chart

Elcora Advanced Materials Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-220.18

-330.96

Elcora Advanced Materials 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															-103.85	-673.10	-155.66	-305.54	-1,746.34

Elcora Advanced Materials ROCE % Calculation

Elcora Advanced Materials's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-1.486	/	( ( (1.664 - 1.128)	+	(1.865 - 1.503) )	/ 2 )
	=	-1.486	/	( (0.536	+	0.362)	/ 2 )
	=	-1.486	/	0.449
	=	-330.96 %

Elcora Advanced Materials'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 )
	=	-0.716	/	( ( (1.99 - 1.912)	+	(2.088 - 2.084) )	/ 2 )
	=	-0.716	/	( ( 0.078	+	0.004 )	/ 2 )
	=	-0.716	/	0.041
	=	-1,746.34 %

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

Elcora Advanced Materials (TSXV:ERA) 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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Elcora Advanced Materials (TSXV:ERA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Elcora Advanced Materials Corp (TSXV:ERA) » Definitions » ROCE %

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ECORF:USA ELM:Germany

Address

111 Ahmadi Crescent, Bedford, Halifax, NS, CAN, B4E 4E5

Website

https://www.elcoracorp.com

Elcora Advanced Materials Corp is a vertically integrated graphite and graphene company. The company mines, processes, refines graphite and produces both graphene and end graphene applications. Its products include EL-I-C6 Graphite and Anode Powders; EL-2D Few-Layer Graphene; EL-MG/5 Micro Graphite and EL-NP Graphite Nano-Platelets. The company's operating segment includes the development of graphite mineral properties and graphene-related research and development activities.

Executives

Denis Choquette

Director