Helius Minerals (TSXV:HHH) ROCE % : -44.66% (As of Dec. 2023)

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What is Helius Minerals 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. Helius Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -44.66%.

Helius Minerals ROCE % Historical Data

The historical data trend for Helius Minerals'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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Helius Minerals ROCE % Chart

Helius Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-69.41

-62.28

-66.06

-67.87

Helius Minerals 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															-130.98	-43.40	-110.05	-97.27	-44.66

Helius Minerals ROCE % Calculation

Helius Minerals'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 )
	=	-0.431	/	( ( (1.167 - 0.812)	+	(1.536 - 0.621) )	/ 2 )
	=	-0.431	/	( (0.355	+	0.915)	/ 2 )
	=	-0.431	/	0.635
	=	-67.87 %

Helius Minerals'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 )
	=	-0.452	/	( ( (1.63 - 0.521)	+	(1.536 - 0.621) )	/ 2 )
	=	-0.452	/	( ( 1.109	+	0.915 )	/ 2 )
	=	-0.452	/	1.012
	=	-44.66 %

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

Helius Minerals (TSXV:HHH) 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.

Helius Minerals ROCE % Related Terms

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Helius Minerals (TSXV:HHH) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Helius Minerals Ltd (TSXV:HHH) » Definitions » ROCE %

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Address

20 Kings Park Road, Ground Floor, West Perth, WA, AUS, 6005

Website

https://www.altnev.com

Altan Nevada Minerals Ltd is a Canada-based exploration company. It is engaged in the business of acquisition and exploration of exploration and evaluation assets in the United States. Some of the company's projects are Venus, Montelle, and Yellow cone. The Venus Copper project is located within the Yerington copper porphyry district in the Walker Lane mineralized belt in Nevada and it consists of 111 unpatented mining claims covering approximately 2,165 acres. The Montelle project lies 28 km west-northwest of Hawthorne, Nevada and is 35 km south-southeast of major copper and copper-gold projects in the Yerington mining district and covers approximately 1,220 acres.