Hispania Resources (TSXV:ESPN) ROCE % : 0.00% (As of Sep. 2023)

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What is Hispania 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. Hispania Resources's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.00%.

Hispania Resources ROCE % Historical Data

The historical data trend for Hispania 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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Hispania Resources ROCE % Chart

Hispania Resources Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-29.01

-398.89

-57,800.00

Hispania Resources Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial					-75.13	-394.01	-	-	-

Hispania Resources ROCE % Calculation

Hispania Resources's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-0.867	/	( ( (0.814 - 0.568)	+	(1.051 - 1.294) )	/ 2 )
	=	-0.867	/	( (0.246	+	-0.243)	/ 2 )
	=	-0.867	/	0.0014999999999999
	=	-57,800.00 %

Hispania Resources's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-0.796	/	( ( (1.159 - 1.598)	+	(1.064 - 1.708) )	/ 2 )
	=	-0.796	/	( ( -0.439	+	-0.644 )	/ 2 )
	=	-0.796	/	-0.5415
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Hispania Resources (TSXV:ESPN) 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.

Hispania Resources ROCE % Related Terms

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Hispania Resources (TSXV:ESPN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hispania Resources Inc (TSXV:ESPN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Toronto Street, Suite 602, Toronto, ON, CAN, M5C 2E3

Website

http://www.hispaniaresources.com

Hispania Resources Inc is an exploration and development company. This Company is focused on the acquisition, exploration, and development of mining properties in Spain. This company is engaged in developing the long-term mining potential of its core asset, the Zinc, Copper enriched Puebla de la Reina (PBR) property in the low-risk and historic mining district of Extremadura in Southwest Spain.

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