Fokus Mining (TSXV:FKM) ROCE % : -5.05% (As of Sep. 2024)

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What is Fokus Mining 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. Fokus Mining's annualized ROCE % for the quarter that ended in Sep. 2024 was -5.05%.

Fokus Mining ROCE % Historical Data

The historical data trend for Fokus Mining'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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Fokus Mining ROCE % Chart

Fokus Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-70.25

-46.59

-17.88

-11.30

-10.16

Fokus Mining Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-13.21	-8.00	-7.34	-5.40	-5.05

Fokus Mining ROCE % Calculation

Fokus Mining'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 )
	=	-0.905	/	( ( (9.221 - 0.408)	+	(9.254 - 0.246) )	/ 2 )
	=	-0.905	/	( (8.813	+	9.008)	/ 2 )
	=	-0.905	/	8.9105
	=	-10.16 %

Fokus Mining'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 )
	=	-0.436	/	( ( (8.957 - 0.225)	+	(8.901 - 0.355) )	/ 2 )
	=	-0.436	/	( ( 8.732	+	8.546 )	/ 2 )
	=	-0.436	/	8.639
	=	-5.05 %

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

Fokus Mining (TSXV:FKM) 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.

Fokus Mining ROCE % Related Terms

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Fokus Mining Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

FKMCF:USA F7E1:Germany

Address

147, Quebec Avenue, Rouyn-Noranda, QC, CAN, J9X 6M8

Website

https://www.fokusmining.com

Fokus Mining Corp is a mineral resource company. The company is engaged in the exploration and acquisition of precious metal deposits in the province of Quebec. It is focused on the Copper Point property, bloc seb property, and 113 North property. It has a single segment the acquisition and exploration of mining properties.

Executives

Jean-david Moore	Director
Sylvain Champagne	Director, Senior Officer
Jean Rainville	Director, Senior Officer
Ciro Cucciniello	Director

Fokus Mining Headlines

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