Electric Royalties (TSXV:ELEC) ROCE % : -10.62% (As of Sep. 2024)

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What is Electric Royalties 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. Electric Royalties's annualized ROCE % for the quarter that ended in Sep. 2024 was -10.62%.

Electric Royalties ROCE % Historical Data

The historical data trend for Electric Royalties'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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Electric Royalties ROCE % Chart

Electric Royalties Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-104.08

-102.70

-22.34

-11.35

-35.95

Electric Royalties 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															-5.47	-105.53	-9.46	-13.45	-10.62

Electric Royalties ROCE % Calculation

Electric Royalties'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 )
	=	-5.716	/	( ( (18.408 - 0.137)	+	(18.009 - 4.478) )	/ 2 )
	=	-5.716	/	( (18.271	+	13.531)	/ 2 )
	=	-5.716	/	15.901
	=	-35.95 %

Electric Royalties'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 )
	=	-2.104	/	( ( (20.502 - 0.416)	+	(19.974 - 0.423) )	/ 2 )
	=	-2.104	/	( ( 20.086	+	19.551 )	/ 2 )
	=	-2.104	/	19.8185
	=	-10.62 %

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

Electric Royalties (TSXV:ELEC) 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.

Electric Royalties ROCE % Related Terms

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Electric Royalties Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Electric Royalties Ltd (TSXV:ELEC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ELECF:USA

Address

1040 West Georgia Street, 14th Floor, Vancouver, BC, CAN, V6E 4H1

Website

https://www.electricroyalties.com

Electric Royalties Ltd is a royalty company established to take advantage of the demand for a wide range of commodities (lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper) that will benefit from the drive toward electrification of a variety of consumer products: cars, rechargeable batteries, large scale energy storage, renewable energy generation and other applications.

Executives

Stefan Gleason	10% Security Holder, Director
Luqman Khan	Senior Officer
Globex Mining Enterprises Inc.	10% Security Holder
Craig Thomas Lindsay	Director
Brendan Yurik	Director, Senior Officer

Electric Royalties Headlines

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