Fireweed Metals (TSXV:FWZ) ROCE % : -72.79% (As of Dec. 2023)

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What is Fireweed Metals 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. Fireweed Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was -72.79%.

Fireweed Metals ROCE % Historical Data

The historical data trend for Fireweed Metals'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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Fireweed Metals ROCE % Chart

Fireweed Metals Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-60.28

-54.24

-56.73

-36.90

-76.51

Fireweed Metals 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															-33.16	-22.68	-44.21	-158.13	-72.79

Fireweed Metals ROCE % Calculation

Fireweed Metals'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 )
	=	-33.191	/	( ( (54.612 - 1.41)	+	(39.461 - 5.895) )	/ 2 )
	=	-33.191	/	( (53.202	+	33.566)	/ 2 )
	=	-33.191	/	43.384
	=	-76.51 %

Fireweed Metals'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 )
	=	-28.376	/	( ( (51.586 - 7.182)	+	(39.461 - 5.895) )	/ 2 )
	=	-28.376	/	( ( 44.404	+	33.566 )	/ 2 )
	=	-28.376	/	38.985
	=	-72.79 %

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

Fireweed Metals (TSXV:FWZ) 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.

Fireweed Metals ROCE % Related Terms

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Fireweed Metals (TSXV:FWZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fireweed Metals Corp (TSXV:FWZ) » Definitions » ROCE %

Comparable Companies

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FWEDF:USA M0G:Germany

Address

800 West Pender Street, Suite 1020, Vancouver, BC, CAN, V6C 2V6

Website

https://www.fireweedmetals.com

Fireweed Metals Corp is a mineral exploration and development company engaged in the acquisition and exploration of mineral assets in Canada. The Company had three projects in northern Canada, the Macmillan Pass Project (Yukon), the Mactung Project (Yukon/NWT), and the Gayna River Zinc Project (NWT).

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