VAR Resources (TSXV:VAR) ROCE % : -58.39% (As of Jul. 2022)

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What is VAR 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. VAR Resources's annualized ROCE % for the quarter that ended in Jul. 2022 was -58.39%.

VAR Resources ROCE % Historical Data

The historical data trend for VAR 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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VAR Resources ROCE % Chart

VAR Resources Annual Data

Trend

Oct12

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

ROCE %

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-255.11

-299.03

VAR Resources Quarterly Data
	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22
ROCE %	Get a 7-Day Free Trial															-15.98	-29.60	-38.62	-140.50	-58.39

VAR Resources ROCE % Calculation

VAR Resources's annualized ROCE % for the fiscal year that ended in Oct. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2021 )		(A: Oct. 2020 )		(A: Oct. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2021 )		(A: Oct. 2020 )		(A: Oct. 2021 )
	=	-0.154	/	( ( (0.005 - 0.358)	+	(0.517 - 0.061) )	/ 2 )
	=	-0.154	/	( (-0.353	+	0.456)	/ 2 )
	=	-0.154	/	0.0515
	=	-299.03 %

VAR Resources's ROCE % of for the quarter that ended in Jul. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2022 )		(Q: Apr. 2022 )		(Q: Jul. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2022 )		(Q: Apr. 2022 )		(Q: Jul. 2022 )
	=	-0.228	/	( ( (0.493 - 0.144)	+	(0.572 - 0.14) )	/ 2 )
	=	-0.228	/	( ( 0.349	+	0.432 )	/ 2 )
	=	-0.228	/	0.3905
	=	-58.39 %

(1) Note: The EBIT data used here is four times the quarterly (Jul. 2022) EBIT data.

VAR Resources (TSXV:VAR) 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.

VAR Resources ROCE % Related Terms

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