Vanadiumcorp Resource (FRA:NWNA) ROCE %

: -11.13% (As of Jan. 2024)

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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. Vanadiumcorp Resource's annualized ROCE % for the quarter that ended in Jan. 2024 was -11.13%.

Vanadiumcorp Resource ROCE % Historical Data

The historical data trend for Vanadiumcorp Resource'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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Vanadiumcorp Resource Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

-39.50

-12.43

-39.38

-16.15

-24.54

Vanadiumcorp Resource Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %																-21.80	-20.27	-32.75	-29.31	-11.13

Vanadiumcorp Resource ROCE % Calculation

Vanadiumcorp Resource's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-1.191	/	( ( (5.247 - 0.959)	+	(6.088 - 0.669) )	/ 2 )
	=	-1.191	/	( (4.288	+	5.419)	/ 2 )
	=	-1.191	/	4.8535
	=	-24.54 %

Vanadiumcorp Resource's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-0.62	/	( ( (6.088 - 0.669)	+	(6.189 - 0.47) )	/ 2 )
	=	-0.62	/	( ( 5.419	+	5.719 )	/ 2 )
	=	-0.62	/	5.569
	=	-11.13 %

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

Vanadiumcorp Resource (FRA:NWNA) 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.

Vanadiumcorp Resource ROCE % Related Terms

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Vanadiumcorp Resource (FRA:NWNA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vanadiumcorp Resource Inc (FRA:NWNA) » Definitions » ROCE %

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Traded in Other Exchanges

VRBFF:USA VRB:Canada

Address

303-5455 West Boulevard, Vancouver, BC, CAN, V6M 3W5

Website

https://www.vanadiumcorp.com

Vanadiumcorp Resource Inc is engaged in the exploration and development of mineral properties in Canada. It is also involved in the development of vanadium redox flow battery technology in Germany. The company's primary focus is on the Lac Dore and Iron-T Properties in Quebec which is prospective for vanadium, titanium, and iron.

Vanadiumcorp Resource (FRA:NWNA) Headlines

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