Entree Resources (Entree Resources) ROCE %

: -114.96% (As of Sep. 2023)

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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. Entree Resources's annualized ROCE % for the quarter that ended in Sep. 2023 was -114.96%.

Entree Resources ROCE % Historical Data

The historical data trend for Entree 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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Entree Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-80.00

-82.92

-93.94

-117.90

-130.47

Entree Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																-156.89	-108.49	-115.75	-114.96	-

Entree Resources ROCE % Calculation

Entree Resources'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 )
	=	-9.177	/	( ( (7.493 - 0.327)	+	(7.215 - 0.313) )	/ 2 )
	=	-9.177	/	( (7.166	+	6.902)	/ 2 )
	=	-9.177	/	7.034
	=	-130.47 %

Entree Resources's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-8.108	/	( ( (6.976 - 0.526)	+	(7.975 - 0.319) )	/ 2 )
	=	-8.108	/	( ( 6.45	+	7.656 )	/ 2 )
	=	-8.108	/	7.053
	=	-114.96 %

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

Entree Resources (OTCPK:ERLFF) 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.

Entree Resources ROCE % Related Terms

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Entree Resources (Entree Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Entree Resources Ltd (OTCPK:ERLFF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

2EE:Germany ETG:Canada

Address

1066 West Hastings Street, Oceanic Plaza, Suite 1650, Vancouver, BC, CAN, V6E 3X1

Website

https://www.entreeresourcesltd.com

Entree Resources Ltd is a Canadian mining company that owns a joint venture interest in a significant portion of the copper-gold-molybdenum deposit - the Oyu Tolgoi project in Mongolia. The company's interest in the Entree/Oyu Tolgoi joint venture has the characteristics of royalty, with the benefits of a producer. Entree's good financial position and high-quality asset portfolio provide a solid foundation and flexibility for growth.

Executives

Tinto Plc Rio

10 percent owner

RIO TINTO SERVICES INC., 80 STATE STREET, ALBANY NY 12207-2543