Ucore Rare Metals (STU:U9U) ROCE % : -16.16% (As of Sep. 2024)

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What is Ucore Rare 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. Ucore Rare Metals's annualized ROCE % for the quarter that ended in Sep. 2024 was -16.16%.

Ucore Rare Metals ROCE % Historical Data

The historical data trend for Ucore Rare 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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Ucore Rare Metals ROCE % Chart

Ucore Rare Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-24.46

-11.55

-11.21

-10.00

-12.36

Ucore Rare Metals 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															-13.01	-17.11	-29.95	-35.88	-16.16

Ucore Rare Metals ROCE % Calculation

Ucore Rare Metals'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 )
	=	-4.435	/	( ( (36.996 - 1.909)	+	(41.435 - 4.733) )	/ 2 )
	=	-4.435	/	( (35.087	+	36.702)	/ 2 )
	=	-4.435	/	35.8945
	=	-12.36 %

Ucore Rare Metals'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 )
	=	-5.764	/	( ( (40.16 - 4.38)	+	(38.637 - 3.087) )	/ 2 )
	=	-5.764	/	( ( 35.78	+	35.55 )	/ 2 )
	=	-5.764	/	35.665
	=	-16.16 %

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

Ucore Rare Metals (STU:U9U) 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.

Ucore Rare Metals ROCE % Related Terms

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Ucore Rare Metals Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ucore Rare Metals Inc (STU:U9U) » Definitions » ROCE %

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UURAF:USA UCU:Canada

Address

210 Waterfront Drive, Suite 106, Halifax, NS, CAN, B4A 0H3

Website

https://www.ucore.com

Ucore Rare Metals Inc is engaged in REE resource development and in commercializing, Innovation Metals Corp.'s (its wholly-owned subsidiary) critical metals separation technology, RapidSX, for the mining/metals extraction industry guided by the principles of ESG. The company provides separation and mining services. The firm is also developing its Bokan Mountain HREE resource located near Ketchikan.

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