Foran Mining (FRA:48M) ROCE % : -4.29% (As of Dec. 2023)

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What is Foran Mining 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. Foran Mining's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.29%.

Foran Mining ROCE % Historical Data

The historical data trend for Foran Mining'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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Foran Mining ROCE % Chart

Foran Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.58

-4.86

-3.70

-5.03

-2.22

Foran Mining 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															-8.64	-7.27	1.41	0.10	-4.29

Foran Mining ROCE % Calculation

Foran Mining'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 )
	=	-5.485	/	( ( (164.503 - 10.223)	+	(370.798 - 30.876) )	/ 2 )
	=	-5.485	/	( (154.28	+	339.922)	/ 2 )
	=	-5.485	/	247.101
	=	-2.22 %

Foran Mining'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 )
	=	-11.884	/	( ( (233.628 - 19.075)	+	(370.798 - 30.876) )	/ 2 )
	=	-11.884	/	( ( 214.553	+	339.922 )	/ 2 )
	=	-11.884	/	277.2375
	=	-4.29 %

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

Foran Mining (FRA:48M) 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.

Foran Mining ROCE % Related Terms

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Foran Mining (FRA:48M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Foran Mining Corp (FRA:48M) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FMCXF:USA 48M:Germany FOM:Canada

Address

904-409 Granville Street, Vancouver, BC, CAN, V6C 1T2

Website

https://www.foranmining.com

Foran Mining Corp is a zinc-copper exploration and development company with projects located along the Flin Flon Greenstone Belt. Its project portfolio comprises McIlvenna Bay, Bigstone, VMS Primer, Hanson Lake Project, and others projects.

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