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First Quantum Minerals (TSX:FM) ROCE % : 6.02% (As of Sep. 2024)


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What is First Quantum Minerals 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. First Quantum Minerals's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.02%.

First Quantum Minerals ROCE % Historical Data

The historical data trend for First Quantum Minerals'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.

* Premium members only.

First Quantum Minerals ROCE % Chart

First Quantum Minerals Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.01 3.41 11.24 9.01 0.68

First Quantum Minerals 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.75 -17.79 0.35 2.43 6.02

First Quantum Minerals ROCE % Calculation

First Quantum Minerals'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 )
=207.948/( ( (34071.18 - 2361.073) + (31873.733 - 2692.591) )/ 2 )
=207.948/( (31710.107+29181.142)/ 2 )
=207.948/30445.6245
=0.68 %

First Quantum Minerals'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 )
=1826/( ( (32494.555 - 1825.506) + (32431.833 - 2401.706) )/ 2 )
=1826/( ( 30669.049 + 30030.127 )/ 2 )
=1826/30349.588
=6.02 %

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

* 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.

First Quantum Minerals  (TSX:FM) 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.

First Quantum Minerals ROCE % Related Terms

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First Quantum Minerals Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Quantum Minerals Ltd (TSX:FM) » Definitions » ROCE %
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Traded in Other Exchanges
FQVLF:USA IZ1:Germany IZ1:Germany
Address
330 Bay Street, Suite 1101, Toronto, ON, CAN, M5H 2S8
Website
https://www.first-quantum.com
First Quantum Minerals Ltd is a diversified mining company. The company's principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite. It has operating mines located in Zambia, Panama, Turkey, Spain, Australia and Mauritania. The Company's reportable operating segments are Cobre Panama, Kansanshi, Trident and Ravensthorpe. Majority of the revenue is generated from Cobre Panama.
Executives
Joanne Warner Director
Alison Cheryl Beckett Director
Kathleen Applegate Hogenson Director
Simon John Scott Director
Zenon Wozniak Senior Officer
Ryan Leslie Macwilliam Senior Officer
Jiangxi Copper Company Limited 10% Security Holder
Rudi Badenhorst Senior Officer
John Lewis Gregory Senior Officer
Philip K.r. Pascall Director
G. Clive Newall Director
Hannes Meyer Senior Officer
Peter St. George Director
Anthony Tristan Pascall Director
Wyatt Mckinlay Buck Senior Officer