East Coast Vulcan Mining (PHS:ECVC) ROCE % : 30.26% (As of Sep. 2024)

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What is East Coast Vulcan Mining 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 Coast Vulcan Mining's annualized ROCE % for the quarter that ended in Sep. 2024 was 30.26%.

East Coast Vulcan Mining ROCE % Historical Data

The historical data trend for East Coast Vulcan Mining'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 Coast Vulcan Mining ROCE % Chart

East Coast Vulcan Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-595.03

107.44

37.30

14.14

East Coast Vulcan Mining Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															10.56	15.53	-6.61	0.04	30.26

East Coast Vulcan Mining ROCE % Calculation

East Coast Vulcan Mining'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 )
	=	194.876	/	( ( (1586.849 - 263.971)	+	(2240.461 - 806.802) )	/ 2 )
	=	194.876	/	( (1322.878	+	1433.659)	/ 2 )
	=	194.876	/	1378.2685
	=	14.14 %

East Coast Vulcan Mining's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	437.508	/	( ( (2018.601 - 611.037)	+	(2109.312 - 624.989) )	/ 2 )
	=	437.508	/	( ( 1407.564	+	1484.323 )	/ 2 )
	=	437.508	/	1445.9435
	=	30.26 %

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

East Coast Vulcan Mining (PHS:ECVC) 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.

East Coast Vulcan Mining ROCE % Related Terms

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East Coast Vulcan Mining Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » East Coast Vulcan Mining Corp (PHS:ECVC) » Definitions » ROCE %

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Address

Senator Gil J. Puyat Avenue, 15th Floor, High Rise Pacific Star Building, Metro Manila, Makati, PHL, 1209

Website

https://www.eastcoastvulcanmining.com

East Coast Vulcan Corp in finding, developing, and producing oil and gas reserves and other mineral properties.

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