Euromax Resources (TSXV:EOX) ROCE % : 0.00% (As of Jun. 2024)

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What is Euromax Resources 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. Euromax Resources's annualized ROCE % for the quarter that ended in Jun. 2024 was 0.00%.

Euromax Resources ROCE % Historical Data

The historical data trend for Euromax Resources'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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Euromax Resources ROCE % Chart

Euromax Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-18.97

-29.14

-344.63

Euromax Resources Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Euromax Resources ROCE % Calculation

Euromax Resources'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 )
	=	-0.309	/	( ( (37.864 - 46.707)	+	(39.016 - 44.185) )	/ 2 )
	=	-0.309	/	( (-8.843	+	-5.169)	/ 2 )
	=	-0.309	/	-7.006
	=	4.41 %

Euromax Resources's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-3.5	/	( ( (38.359 - 43.83)	+	(39.061 - 45.065) )	/ 2 )
	=	-3.5	/	( ( -5.471	+	-6.004 )	/ 2 )
	=	-3.5	/	-5.7375
	=	0 %

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

Euromax Resources (TSXV:EOX) 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.

Euromax Resources ROCE % Related Terms

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Euromax Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Euromax Resources Ltd (TSXV:EOX) » Definitions » ROCE %

Comparable Companies

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EOXFF:USA

Address

Boulevard Partizanski Odredi No. 14, 1/2-3 Skopje, Skopje, MKD, 1000

Website

https://www.euromaxresources.com

Euromax Resources Ltd is a Canadian-based firm focused on developing the Ilovica-Shtuka copper and gold project in Macedonia, the mining project in the country and the greenfield development in the Balkans for many years. The group operates in one sector in the mining industry, i.e. the exploration and development of mineral rights interests.

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