Emergent Metals (TSXV:EMR) ROCE % : 11.53% (As of Mar. 2024)

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What is Emergent 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. Emergent Metals's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.53%.

Emergent Metals ROCE % Historical Data

The historical data trend for Emergent 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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Emergent Metals ROCE % Chart

Emergent Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-122.20

-16.09

-28.84

-88.10

-70.35

Emergent Metals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															44.10	82.72	-83.81	-303.62	11.53

Emergent Metals ROCE % Calculation

Emergent 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 )
	=	-1.107	/	( ( (5.374 - 3.55)	+	(3.915 - 2.592) )	/ 2 )
	=	-1.107	/	( (1.824	+	1.323)	/ 2 )
	=	-1.107	/	1.5735
	=	-70.35 %

Emergent Metals's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	0.156	/	( ( (3.915 - 2.592)	+	(3.661 - 2.278) )	/ 2 )
	=	0.156	/	( ( 1.323	+	1.383 )	/ 2 )
	=	0.156	/	1.353
	=	11.53 %

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

Emergent Metals (TSXV:EMR) 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.

Emergent Metals ROCE % Related Terms

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Emergent Metals (TSXV:EMR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Emergent Metals Corp (TSXV:EMR) » Definitions » ROCE %

Comparable Companies

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EGMCF:USA EML:Germany

Address

789 West Pender Street, Suite 1010, Vancouver, BC, CAN, V6C 1H2

Website

https://www.emergentmetals.com

Emergent Metals Corp is a gold and base metal exploration and mine development company. The company's business model is strategic acquisitions and divestitures (A&D) in the junior mining sector, with a focus on Nevada and Quebec. The company's Nevada properties include Golden Arrow, New York Canyon, Mindora, Buckskin Rawhide East, Buckskin Rawhide West, and Koegel Rawhide.

Executives

Robert Rosner

Director