Esrey Resources (TSXV:ESR.H) ROCE % : 0.00% (As of Jun. 2021)

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What is Esrey 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. Esrey Resources's annualized ROCE % for the quarter that ended in Jun. 2021 was 0.00%.

Esrey Resources ROCE % Historical Data

The historical data trend for Esrey 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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Esrey Resources ROCE % Chart

Esrey Resources Annual Data

Trend

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

ROCE %

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-11.72

-12.14

-90.04

-550.78

Esrey Resources Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Esrey Resources ROCE % Calculation

Esrey Resources's annualized ROCE % for the fiscal year that ended in Sep. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2020 )		(A: Sep. 2019 )		(A: Sep. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2020 )		(A: Sep. 2019 )		(A: Sep. 2020 )
	=	-0.12	/	( ( (0.6 - 2.066)	+	(0.454 - 2.055) )	/ 2 )
	=	-0.12	/	( (-1.466	+	-1.601)	/ 2 )
	=	-0.12	/	-1.5335
	=	7.83 %

Esrey Resources's ROCE % of for the quarter that ended in Jun. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2021 )		(Q: Mar. 2021 )		(Q: Jun. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2021 )		(Q: Mar. 2021 )		(Q: Jun. 2021 )
	=	-0.024	/	( ( (0.437 - 2.049)	+	(0.434 - 2.052) )	/ 2 )
	=	-0.024	/	( ( -1.612	+	-1.618 )	/ 2 )
	=	-0.024	/	-1.615
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2021) EBIT data.

Esrey Resources (TSXV:ESR.H) 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.

Esrey Resources ROCE % Related Terms

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Esrey Resources (TSXV:ESR.H) Business Description

Industry

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

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Address

1075 West Georgia Street, Suite 1010, Vancouver, BC, CAN, V6E 3C9

Website

https://www.esreyresources.com

Esrey Resources Ltd is a Canada based company focused on the extraction of zinc, lead and other metals from these waste materials in a hydrometallurgical process. Its hydrometallurgical pilot plant, located in Macedonia, is capable to develop hydrometallurgical processing approximately 100 tonnes of feed per annum.

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