Scandium Canada (TSXV:SCD) ROCE % : -19.11% (As of Feb. 2024)

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What is Scandium Canada 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. Scandium Canada's annualized ROCE % for the quarter that ended in Feb. 2024 was -19.11%.

Scandium Canada ROCE % Historical Data

The historical data trend for Scandium Canada'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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Scandium Canada ROCE % Chart

Scandium Canada Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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-13.39

-15.70

-24.63

-15.76

-10.50

Scandium Canada Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-11.28	-18.81	-1.73	-12.71	-19.11

Scandium Canada ROCE % Calculation

Scandium Canada's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-1.235	/	( ( (12.415 - 1.293)	+	(12.901 - 0.495) )	/ 2 )
	=	-1.235	/	( (11.122	+	12.406)	/ 2 )
	=	-1.235	/	11.764
	=	-10.50 %

Scandium Canada's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-2.328	/	( ( (12.474 - 0.337)	+	(12.955 - 0.734) )	/ 2 )
	=	-2.328	/	( ( 12.137	+	12.221 )	/ 2 )
	=	-2.328	/	12.179
	=	-19.11 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2024) EBIT data.

Scandium Canada (TSXV:SCD) 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.

Scandium Canada ROCE % Related Terms

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Scandium Canada (TSXV:SCD) Business Description

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IMPNF:USA

Address

410 Saint-Nicolas Street, Suite 236, Montreal, QC, CAN, H2Y 2P5

Website

https://www.imperialmgp.com

Imperial Mining Group Ltd is a Canadian-based company that deals with acquisition and exploration of mining properties. It is engaged in mining exploration for gold, base metal, and technology metal mining sites located in Canada. The company's projects are Crater Lake, Opawica, La Ronciera, and others.