Usha Resources (TSXV:USHA) ROCE % : -48.41% (As of Dec. 2023)

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What is Usha 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. Usha Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -48.41%.

Usha Resources ROCE % Historical Data

The historical data trend for Usha 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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Usha Resources ROCE % Chart

Usha Resources Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-75.30

-52.85

-57.14

-59.36

-64.78

Usha Resources Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-26.52	-48.39	-70.48	-60.20	-48.41

Usha Resources ROCE % Calculation

Usha Resources'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 )
	=	-2.96	/	( ( (2.387 - 0.091)	+	(6.944 - 0.102) )	/ 2 )
	=	-2.96	/	( (2.296	+	6.842)	/ 2 )
	=	-2.96	/	4.569
	=	-64.78 %

Usha Resources'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 )
	=	-2.52	/	( ( (5.169 - 0.118)	+	(5.562 - 0.202) )	/ 2 )
	=	-2.52	/	( ( 5.051	+	5.36 )	/ 2 )
	=	-2.52	/	5.2055
	=	-48.41 %

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

Usha Resources (TSXV:USHA) 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.

Usha Resources ROCE % Related Terms

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Usha Resources (TSXV:USHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Usha Resources Ltd (TSXV:USHA) » Definitions » ROCE %

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USHAF:USA JO00:Germany

Address

1575 Kamloops Street, Vancouver, BC, CAN, V5K 3W1

Website

https://www.usharesources.com

Usha Resources Ltd is a North American mineral acquisition and exploration company focused on the development of quality battery and precious metal properties that are drill-ready with high-upside and expansion potential. Based in Vancouver, BC, Usha's portfolio of strategic properties provides target-rich diversification and consists of Jackpot Lake, a lithium project in Nevada; Nicobat, a nickel-copper-cobalt project in Ontario; and Lost Basin, a gold-copper project in Arizona.

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