Spearmint Resources (STU:SQH) ROCE % : -11.48% (As of Oct. 2023)

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What is Spearmint 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. Spearmint Resources's annualized ROCE % for the quarter that ended in Oct. 2023 was -11.48%.

Spearmint Resources ROCE % Historical Data

The historical data trend for Spearmint 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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Spearmint Resources ROCE % Chart

Spearmint Resources Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

ROCE %

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-57.18

-39.66

-24.77

-43.02

-23.50

Spearmint Resources Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
ROCE %	Get a 7-Day Free Trial															-9.29	-29.73	-14.16	-45.04	-11.48

Spearmint Resources ROCE % Calculation

Spearmint Resources's annualized ROCE % for the fiscal year that ended in Jan. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	-0.737	/	( ( (3.883 - 0.548)	+	(2.984 - 0.046) )	/ 2 )
	=	-0.737	/	( (3.335	+	2.938)	/ 2 )
	=	-0.737	/	3.1365
	=	-23.50 %

Spearmint Resources's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	-0.32	/	( ( (2.853 - 0.046)	+	(2.79 - 0.022) )	/ 2 )
	=	-0.32	/	( ( 2.807	+	2.768 )	/ 2 )
	=	-0.32	/	2.7875
	=	-11.48 %

(1) Note: The EBIT data used here is four times the quarterly (Oct. 2023) EBIT data.

Spearmint Resources (STU:SQH) 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.

Spearmint Resources ROCE % Related Terms

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Spearmint Resources (STU:SQH) Business Description

Industry

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

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Traded in Other Exchanges

SPMTF:USA SQH:Germany SPMT:Canada

Address

700 West Georgia Street, Suite 2905, Vancouver, BC, CAN, V7Y 1K8

Website

https://www.spearmintresources.ca

Spearmint Resources Inc is an exploration stage public company. Its business activities include acquiring and exploring exploration and evaluation assets. Geographically, the group has a business presence in Canada and the United States. Some of the company's projects are Chibougamau Vanadium Prospects, EL North Nickel-Copper Prospects, NEBA Copper-Gold Prospects, QC Chibougamau Vanadium Prospects - Staking, QC Perron-East Gold Prospects - Staking, Nevada Elon and McGee Properties, Nevada Green Clay Lithium Project, NL Goose Gold Property, ON Escape Lake North PGM Project, BC EL North Nickel-Copper Prospects, BC NEBA Copper-Gold Prospects, BC Safari Copper-Gold Property and BC Hammernose Gold Property.

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