First Class Metals (LSE:FCM) ROCE % : -38.46% (As of Jun. 2024)

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What is First Class 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. First Class Metals's annualized ROCE % for the quarter that ended in Jun. 2024 was -38.46%.

First Class Metals ROCE % Historical Data

The historical data trend for First Class 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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First Class Metals ROCE % Chart

First Class Metals Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-34.88

-51.08

First Class Metals Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	-	-40.92	-49.69	-50.48	-38.46

First Class Metals ROCE % Calculation

First Class Metals'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 )
	=	-1.456	/	( ( (3.196 - 0.591)	+	(3.783 - 0.687) )	/ 2 )
	=	-1.456	/	( (2.605	+	3.096)	/ 2 )
	=	-1.456	/	2.8505
	=	-51.08 %

First Class Metals'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: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-1.082	/	( ( (3.783 - 0.687)	+	(3.586 - 1.056) )	/ 2 )
	=	-1.082	/	( ( 3.096	+	2.53 )	/ 2 )
	=	-1.082	/	2.813
	=	-38.46 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

First Class Metals (LSE:FCM) 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.

First Class Metals ROCE % Related Terms

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First Class Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Class Metals PLC (LSE:FCM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Freckleton Street, Suite 16, Freckleton Street Business Centre, Blackburn, GBR, BB2 2AL

Website

https://www.firstclassmetalsplc.com

First Class Metals PLC is a minerals exploration company. It is focused on providing and developing the potential of flagship property North Hemlo which includes the Pickle Lake Palladium One JV area as well as systematic exploration of the Esa, Sugar Cube, McKellar, Magical, Enable and Coco East projects, in the Hemlo - Harte gold mines region in the Western portion of the Wawa-Abitibi Gold Belt of Ontario, Canada.

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