Stearman Resources (XCNQ:STMN) ROCE % : -28.53% (As of Feb. 2024)

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What is Stearman 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. Stearman Resources's annualized ROCE % for the quarter that ended in Feb. 2024 was -28.53%.

Stearman Resources ROCE % Historical Data

The historical data trend for Stearman 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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Stearman Resources ROCE % Chart

Stearman Resources Annual Data

Trend

Aug22

Aug23

ROCE %

-42.25

Stearman Resources Quarterly Data
	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial			-37.64	-18.35	-44.61	-22.67	-28.53

Stearman Resources ROCE % Calculation

Stearman Resources'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 )
	=	-0.199	/	( ( (0.574 - 0.013)	+	(0.406 - 0.025) )	/ 2 )
	=	-0.199	/	( (0.561	+	0.381)	/ 2 )
	=	-0.199	/	0.471
	=	-42.25 %

Stearman Resources'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 )
	=	-0.1	/	( ( (0.383 - 0.023)	+	(0.365 - 0.024) )	/ 2 )
	=	-0.1	/	( ( 0.36	+	0.341 )	/ 2 )
	=	-0.1	/	0.3505
	=	-28.53 %

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

Stearman Resources (XCNQ:STMN) 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.

Stearman Resources ROCE % Related Terms

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Stearman Resources (XCNQ:STMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Stearman Resources Inc (XCNQ:STMN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

422 Richards Street, Suite 170, Vancouver, BC, CAN, V6B 2Z4

Website

Stearman Resources Inc is engaged in the business of the acquisition, exploration, and development of mineral resource properties. The company's sole mineral property interest is the Miniac Option on the Miniac Property located in the northern Abitbi region of Quebec.

Executives

Steve Mathiesen

Director

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