Hannan Metals (STU:C8MQ) ROCE % : -43.74% (As of Nov. 2024)

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What is Hannan 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. Hannan Metals's annualized ROCE % for the quarter that ended in Nov. 2024 was -43.74%.

Hannan Metals ROCE % Historical Data

The historical data trend for Hannan 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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Hannan Metals ROCE % Chart

Hannan Metals Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

ROCE %

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-22.13

-24.90

-12.37

-16.29

-19.67

Hannan Metals Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
ROCE %	Get a 7-Day Free Trial															-10.15	-11.13	-10.15	-13.23	-43.74

Hannan Metals ROCE % Calculation

Hannan Metals's annualized ROCE % for the fiscal year that ended in May. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2024 )		(A: May. 2023 )		(A: May. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2024 )		(A: May. 2023 )		(A: May. 2024 )
	=	-1.196	/	( ( (7.962 - 0.237)	+	(4.656 - 0.22) )	/ 2 )
	=	-1.196	/	( (7.725	+	4.436)	/ 2 )
	=	-1.196	/	6.0805
	=	-19.67 %

Hannan Metals's ROCE % of for the quarter that ended in Nov. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	-2.924	/	( ( (6.916 - 0.224)	+	(6.892 - 0.214) )	/ 2 )
	=	-2.924	/	( ( 6.692	+	6.678 )	/ 2 )
	=	-2.924	/	6.685
	=	-43.74 %

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

Hannan Metals (STU:C8MQ) 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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Hannan Metals Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hannan Metals Ltd (STU:C8MQ) » Definitions » ROCE %

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HANNF:USA HAN:Canada

Address

1090 West Georgia Street, Suite 1305, Vancouver, BC, CAN, V6E 3V7

Website

https://www.hannanmetals.com

Hannan Metals Ltd is a Canada-based junior mineral exploration company engaged in the acquisition and exploration of mineral properties. Its project portfolio includes the Valiente Copper Gold Project and the San Martin JV Project in Peru. It also holds certain core licenses for the Clare Project in Ireland. The company operates in one reportable segment, the exploration and evaluation of unproven exploration and evaluation assets. Geographically, it operates in Canada, Ireland, and Peru.

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