East Africa Metals (FRA:EA1) ROCE % : -15.27% (As of Dec. 2024)

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What is East Africa 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. East Africa Metals's annualized ROCE % for the quarter that ended in Dec. 2024 was -15.27%.

East Africa Metals ROCE % Historical Data

The historical data trend for East Africa 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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East Africa Metals ROCE % Chart

East Africa Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Mar24

ROCE %

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-7.71

-12.76

-16.50

-9.38

-18.88

East Africa Metals Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-10.36	-34.79	-16.10	-8.45	-15.27

East Africa Metals ROCE % Calculation

East Africa Metals's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Dec. 2022 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Dec. 2022 )		(A: Mar. 2024 )
	=	-2.097	/	( ( (0 - 0)	+	(15.437 - 4.329) )	/ 1 )
	=	-2.097	/	( (0	+	11.108)	/ 1 )
	=	-2.097	/	11.108
	=	-18.88 %

East Africa Metals's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-1.704	/	( ( (14.9 - 4.032)	+	(15.94 - 4.489) )	/ 2 )
	=	-1.704	/	( ( 10.868	+	11.451 )	/ 2 )
	=	-1.704	/	11.1595
	=	-15.27 %

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

East Africa Metals (FRA:EA1) 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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East Africa Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » East Africa Metals Inc (FRA:EA1) » Definitions » ROCE %

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EAM:Canada

Address

777 Dunsmuir Street, 17th Floor, Vancouver, BC, CAN, V7Y 1K4

Website

https://www.eastafricametals.com

East Africa Metals Inc is a mineral exploration company focused on the identification, acquisition, exploration, development, and sale of base and precious mineral resource properties in Ethiopia and Tanzania. The company's mineral properties consist of one project in Ethiopia, the Harvest Project, Adyabo Project, and one project in Tanzania, the Handeni and Other Properties. The geographical segments of the company include Canada, Tanzania, and Ethiopia. It has one reportable segment Exploration and Development of Mineral Properties.

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