Zephyr Minerals (Zephyr Minerals) ROCE % : -6.71% (As of Dec. 2023)

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What is Zephyr 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. Zephyr Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.71%.

Zephyr Minerals ROCE % Historical Data

The historical data trend for Zephyr 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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Zephyr Minerals ROCE % Chart

Zephyr Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-14.18

-10.32

-8.71

-9.88

-9.47

Zephyr 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															-8.53	-14.72	-9.52	-4.85	-6.71

Zephyr Minerals ROCE % Calculation

Zephyr 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 )
	=	-0.423	/	( ( (5.089 - 0.039)	+	(3.933 - 0.048) )	/ 2 )
	=	-0.423	/	( (5.05	+	3.885)	/ 2 )
	=	-0.423	/	4.4675
	=	-9.47 %

Zephyr 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 )
	=	-0.264	/	( ( (4.018 - 0.032)	+	(3.933 - 0.048) )	/ 2 )
	=	-0.264	/	( ( 3.986	+	3.885 )	/ 2 )
	=	-0.264	/	3.9355
	=	-6.71 %

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

Zephyr Minerals (OTCPK:ZPHYF) 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.

Zephyr Minerals ROCE % Related Terms

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Zephyr Minerals (Zephyr Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zephyr Minerals Ltd (OTCPK:ZPHYF) » Definitions » ROCE %

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ZFR:Canada

Address

1301 - 1959 Upper Water Street, Purdy's Wharf Tower 1, Halifax, NS, CAN, B3J 3N2

Website

https://www.zephyrminerals.com

Zephyr Minerals Ltd is an exploration and development company. It holds an interest in the Dawson-Green Mountain property in Colorado, USA. The Dawson section located at the eastern end of the property comprises a gold project. The Green Mountain section located at the western end of the project is prospective for copper and gold. The El Plomo section forms the central portion of the property. Its operations are located in Canada, the United States of America, and Zimbabwe.

Zephyr Minerals (Zephyr Minerals) Headlines

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