EnviroMetal Technologies (FRA:7N20) ROCE % : 0.00% (As of Sep. 2024)

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What is EnviroMetal Technologies 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. EnviroMetal Technologies's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

EnviroMetal Technologies ROCE % Historical Data

The historical data trend for EnviroMetal Technologies'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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EnviroMetal Technologies ROCE % Chart

EnviroMetal Technologies Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-85.09

-49.33

-94.18

-268.02

-173.07

EnviroMetal Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

EnviroMetal Technologies ROCE % Calculation

EnviroMetal Technologies'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 )
	=	-0.347	/	( ( (2.047 - 1.63)	+	(0.781 - 0.797) )	/ 2 )
	=	-0.347	/	( (0.417	+	-0.016)	/ 2 )
	=	-0.347	/	0.2005
	=	-173.07 %

EnviroMetal Technologies's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-0.72	/	( ( (0.416 - 0.882)	+	(0.345 - 0.98) )	/ 2 )
	=	-0.72	/	( ( -0.466	+	-0.635 )	/ 2 )
	=	-0.72	/	-0.5505
	=	0 %

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

EnviroMetal Technologies (FRA:7N20) 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.

EnviroMetal Technologies ROCE % Related Terms

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EnviroMetal Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » EnviroMetal Technologies Inc (FRA:7N20) » Definitions » ROCE %

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EVLLF:USA ETI:Canada

Address

208-6741 Cariboo Road, Burnaby, BC, CAN, V3N 4A3

Website

https://www.envirometal.com

EnviroMetal Technologies Inc is engaged in the development and commercialization of environmentally friendly formulas and technologies for the treatment of materials in the primary and secondary metals sectors. Using its proprietary non-cyanide, water-based, neutral pH treatment process EnviroMetal extracts precious metals from ores, concentrates and E-Waste.

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