Fitzroy Minerals (FRA:C3Y) ROCE % : -42.15% (As of Jun. 2024)

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What is Fitzroy 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. Fitzroy Minerals's annualized ROCE % for the quarter that ended in Jun. 2024 was -42.15%.

Fitzroy Minerals ROCE % Historical Data

The historical data trend for Fitzroy 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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Fitzroy Minerals ROCE % Chart

Fitzroy Minerals Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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-114.27

-22.69

-112.23

Fitzroy Minerals Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-37.29	-23.49	-33.99	-58.24	-42.15

Fitzroy Minerals ROCE % Calculation

Fitzroy Minerals's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-3.501	/	( ( (4.971 - 0.22)	+	(1.5 - 0.012) )	/ 2 )
	=	-3.501	/	( (4.751	+	1.488)	/ 2 )
	=	-3.501	/	3.1195
	=	-112.23 %

Fitzroy Minerals's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-1.068	/	( ( (2.683 - 0.053)	+	(2.477 - 0.039) )	/ 2 )
	=	-1.068	/	( ( 2.63	+	2.438 )	/ 2 )
	=	-1.068	/	2.534
	=	-42.15 %

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

Fitzroy Minerals (FRA:C3Y) 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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Fitzroy Minerals Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fitzroy Minerals Inc (FRA:C3Y) » Definitions » ROCE %

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FTZFF:USA FTZ:Canada

Address

2912 West Broadway Street, Unit 309, Vancouver, BC, CAN, V6K 0E9

Website

https://www.fitzroyminerals.com

Fitzroy Minerals Inc is focused on exploring and advancing commercial copper and gold discoveries in Chile and Argentina.

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