Freedom Energy (FRA:B1H2) ROCE % : 0.00% (As of Dec. 2018)

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What is Freedom Energy 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. Freedom Energy's annualized ROCE % for the quarter that ended in Dec. 2018 was 0.00%.

Freedom Energy ROCE % Historical Data

The historical data trend for Freedom Energy'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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Freedom Energy ROCE % Chart

Freedom Energy Annual Data

Trend

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ROCE %

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Freedom Energy Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
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Freedom Energy ROCE % Calculation

Freedom Energy's annualized ROCE % for the fiscal year that ended in Mar. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2018 )		(A: Mar. 2017 )		(A: Mar. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2018 )		(A: Mar. 2017 )		(A: Mar. 2018 )
	=	-0.697	/	( ( (0.437 - 0.499)	+	(0.066 - 0.35) )	/ 2 )
	=	-0.697	/	( (-0.062	+	-0.284)	/ 2 )
	=	-0.697	/	-0.173
	=	402.89 %

Freedom Energy's ROCE % of for the quarter that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2018 )		(Q: Sep. 2018 )		(Q: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2018 )		(Q: Sep. 2018 )		(Q: Dec. 2018 )
	=	-0.036	/	( ( (0.025 - 0.614)	+	(0.022 - 0.623) )	/ 2 )
	=	-0.036	/	( ( -0.589	+	-0.601 )	/ 2 )
	=	-0.036	/	-0.595
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2018) EBIT data.

Freedom Energy (FRA:B1H2) 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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Freedom Energy (FRA:B1H2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Freedom Energy Inc (FRA:B1H2) » Definitions » ROCE %

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Address

837 West Hastings Street, Suite 315, Vancouver, BC, CAN, V6C 3N6

Website

https://www.freedomenergyinc.com

Freedom Energy Inc is an exploration stage junior mining company. It is engaged in the exploration, evaluation, and development of metallurgical coal, and oil and gas projects in North America. It also holds an interest in Good Hope gold property. The firm operates through one segment that is Exploration and Evaluation of mineral property interests.

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