Electric Metals (TSXV:EML) ROCE % : -12.45% (As of Sep. 2024)

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What is Electric 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. Electric Metals's annualized ROCE % for the quarter that ended in Sep. 2024 was -12.45%.

Electric Metals ROCE % Historical Data

The historical data trend for Electric 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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Electric Metals ROCE % Chart

Electric Metals Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-78.66

-42.17

-28.95

Electric Metals Quarterly Data
	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial											-31.90	-16.64	-10.13	-21.58	-12.45

Electric Metals ROCE % Calculation

Electric 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 )
	=	-3.37	/	( ( (9.678 - 3.129)	+	(18.49 - 1.756) )	/ 2 )
	=	-3.37	/	( (6.549	+	16.734)	/ 2 )
	=	-3.37	/	11.6415
	=	-28.95 %

Electric 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 )
	=	-1.94	/	( ( (17.574 - 1.65)	+	(17.086 - 1.834) )	/ 2 )
	=	-1.94	/	( ( 15.924	+	15.252 )	/ 2 )
	=	-1.94	/	15.588
	=	-12.45 %

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

Electric Metals (TSXV:EML) 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 Metals ROCE % Related Terms

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Electric Metals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

EMUSF:USA

Address

365 Bay Street, Suite 800, Toronto, ON, CAN, M5H 2V1

Website

https://www.electricmetals.com

Electric Metals (USA) Ltd is a U.S.-based mineral development company with manganese and silver projects to support the transition to clean energy. The Company's principal asset is the Emily Manganese Project in Minnesota, which has been the subject of considerable technical studies, including a National Instrument 43-101 Technical Report. Its mission in Minnesota is to become a domestic U.S. producer of high-purity, high-value manganese metal and chemical products for supply to U.S. energy, technology and industrial markets. With manganese plays a critical and prominent role in lithium-ion battery formulations, and with no current domestic supply or active mines for manganese in North America. The company operates in three geographical segments, Canada, the USA, and Australia.

Executives

Steve Durbin

10% Security Holder, Director