Enertopia (FRA:1E8) ROCE % : -96.41% (As of Feb. 2024)

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What is Enertopia 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. Enertopia's annualized ROCE % for the quarter that ended in Feb. 2024 was -96.41%.

Enertopia ROCE % Historical Data

The historical data trend for Enertopia'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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Enertopia ROCE % Chart

Enertopia Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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-109.88

-59.75

Enertopia 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															-37.95	-108.27	-66.19	-123.00	-96.41

Enertopia ROCE % Calculation

Enertopia's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-1.123	/	( ( (3.172 - 0.353)	+	(1.245 - 0.305) )	/ 2 )
	=	-1.123	/	( (2.819	+	0.94)	/ 2 )
	=	-1.123	/	1.8795
	=	-59.75 %

Enertopia'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 )
	=	-0.484	/	( ( (0.863 - 0.294)	+	(0.697 - 0.262) )	/ 2 )
	=	-0.484	/	( ( 0.569	+	0.435 )	/ 2 )
	=	-0.484	/	0.502
	=	-96.41 %

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

Enertopia (FRA:1E8) 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.

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Enertopia (FRA:1E8) Business Description

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Address

1873 Spall Road, Suite 18, Kelowna, BC, CAN, V1Y 4R2

Website

https://www.enertopia.com

Enertopia Corp is engaged in the acquisition, development and exploration of natural resource properties. .The Company is engaged in exploring the West Tonopah Lithium Project ("West Tonopah") in the Smokey Valley, Nevada along with holding intellectual property & patents in the green technology space. The company has three reportable segments, Natural Resources, Technology and Corporate.

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