Homerun Resources (STU:5ZE) ROCE % : -961.34% (As of Sep. 2024)

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What is Homerun Resources 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. Homerun Resources's annualized ROCE % for the quarter that ended in Sep. 2024 was -961.34%.

Homerun Resources ROCE % Historical Data

The historical data trend for Homerun Resources'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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Homerun Resources ROCE % Chart

Homerun Resources Annual Data

Trend

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Dec23

ROCE %

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Homerun Resources 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															-1,927.27	-	-	-2,340.07	-961.34

Homerun Resources ROCE % Calculation

Homerun Resources'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 )
	=	-1.064	/	( ( (0.11 - 0.78)	+	(0.401 - 0.629) )	/ 2 )
	=	-1.064	/	( (-0.67	+	-0.228)	/ 2 )
	=	-1.064	/	-0.449
	=	236.97 %

Homerun Resources'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 )
	=	-2.86	/	( ( (0.607 - 0.321)	+	(0.64 - 0.331) )	/ 2 )
	=	-2.86	/	( ( 0.286	+	0.309 )	/ 2 )
	=	-2.86	/	0.2975
	=	-961.34 %

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

Homerun Resources (STU:5ZE) 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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Homerun Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Homerun Resources Inc (STU:5ZE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HMRFF:USA 5ZE:Germany HMR:Canada

Address

2110, 650 West Georgia Street, Vancouver, BC, CAN, V6B 4N9

Website

https://www.homerunresources.com

Homerun Resources Inc is engaged in the exploration and development of minerals. The company's project is the Homathko Gold Project situated in Canada. The company has one reportable segment: exploration and evaluation of mineral properties. The company's assets are located in Canada. It has two reportable operating segments, being that its corporate headquarters is located in Canada and its operations in Brazil.

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