Firering Strategic Minerals (LSE:FRG) ROCE % : -31.79% (As of Jun. 2024)

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What is Firering Strategic 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. Firering Strategic Minerals's annualized ROCE % for the quarter that ended in Jun. 2024 was -31.79%.

Firering Strategic Minerals ROCE % Historical Data

The historical data trend for Firering Strategic 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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Firering Strategic Minerals ROCE % Chart

Firering Strategic Minerals Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-87.54

-1.73

-73.28

Firering Strategic Minerals Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial					-16.49	14.09	-26.17	-129.56	-31.79

Firering Strategic Minerals ROCE % Calculation

Firering Strategic Minerals'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 )
	=	-2.293	/	( ( (4.669 - 0.631)	+	(2.789 - 0.569) )	/ 2 )
	=	-2.293	/	( (4.038	+	2.22)	/ 2 )
	=	-2.293	/	3.129
	=	-73.28 %

Firering Strategic 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: 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 )
	=	-0.978	/	( ( (2.789 - 0.569)	+	(4.513 - 0.58) )	/ 2 )
	=	-0.978	/	( ( 2.22	+	3.933 )	/ 2 )
	=	-0.978	/	3.0765
	=	-31.79 %

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

Firering Strategic Minerals (LSE:FRG) 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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Firering Strategic Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Firering Strategic Minerals PLC (LSE:FRG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ioanni Stylianou 6, 2nd Floor, Office 202, Nicosia, CYP, 2003

Website

https://www.fireringplc.com

Firering Strategic Minerals PLC focuses on developing assets for the ethical production of critical metals. The company's portfolio of assets is in Cote d'Ivoire. Lithium-Coltan Project covers an area of 135 km2 and is in Northern Cote d'Ivoire. It holds an exploration license for lithium which has been amended to include, inter alia, niobium-tantalum following the results of the exploration study and as part of the application for exploitation permits.