Full Metal Minerals (Full Metal Minerals) ROCE % : 0.00% (As of Feb. 2024)

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What is Full Metal 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. Full Metal Minerals's annualized ROCE % for the quarter that ended in Feb. 2024 was 0.00%.

Full Metal Minerals ROCE % Historical Data

The historical data trend for Full Metal 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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Full Metal Minerals ROCE % Chart

Full Metal Minerals Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

ROCE %

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-120.60

Full Metal Minerals Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Full Metal Minerals ROCE % Calculation

Full Metal Minerals's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	-0.351	/	( ( (0.243 - 0.1)	+	(0.104 - 0.321) )	/ 2 )
	=	-0.351	/	( (0.143	+	-0.217)	/ 2 )
	=	-0.351	/	-0.037
	=	948.65 %

Full Metal Minerals'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 )
	=	-0.34	/	( ( (0.101 - 0.473)	+	(0.105 - 0.569) )	/ 2 )
	=	-0.34	/	( ( -0.372	+	-0.464 )	/ 2 )
	=	-0.34	/	-0.418
	=	0 %

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

Full Metal Minerals (OTCPK:FLMTF) 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.

Full Metal Minerals ROCE % Related Terms

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Full Metal Minerals (Full Metal Minerals) Business Description

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

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FMM:Canada

Address

409 Granville Street, Suite 1500, Vancouver, BC, CAN, V6C 1T2

Website

http://www.fullmetalminerals.com

Full Metal Minerals Ltd is a Canada-based mineral exploration company. The company is engaged in the acquisition, exploration, and development of resource properties. The firm operates in one segment which is mineral property acquisition and exploration, while all assets are located in Canada.

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