Forum Energy Metals (TSXV:FMC) ROCE % : -89.02% (As of Feb. 2024)

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What is Forum Energy 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. Forum Energy Metals's annualized ROCE % for the quarter that ended in Feb. 2024 was -89.02%.

Forum Energy Metals ROCE % Historical Data

The historical data trend for Forum Energy 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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Forum Energy Metals ROCE % Chart

Forum Energy Metals Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

ROCE %

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-49.42

-37.86

-111.59

-125.65

-272.10

Forum Energy Metals Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-281.29	-118.36	-348.46	-147.16	-89.02

Forum Energy Metals ROCE % Calculation

Forum Energy Metals's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	-6.499	/	( ( (3.363 - 0.763)	+	(3.449 - 1.272) )	/ 2 )
	=	-6.499	/	( (2.6	+	2.177)	/ 2 )
	=	-6.499	/	2.3885
	=	-272.10 %

Forum Energy Metals's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-4.572	/	( ( (3.449 - 1.272)	+	(12.546 - 4.451) )	/ 2 )
	=	-4.572	/	( ( 2.177	+	8.095 )	/ 2 )
	=	-4.572	/	5.136
	=	-89.02 %

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

Forum Energy Metals (TSXV:FMC) 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.

Forum Energy Metals ROCE % Related Terms

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Forum Energy Metals (TSXV:FMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Forum Energy Metals Corp (TSXV:FMC) » Definitions » ROCE %

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FDCFF:USA

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.forumenergymetals.com

Forum Energy Metals Corp is a Canadian-based mineral resource company focused on the acquisition, exploration, and development of energy metals: copper, cobalt, uranium, and palladium. Its projects include Fir Island uranium property, Henday Lake uranium property, Janice Lake Sedimentary Copper Project, Love Lake Copper-Nickel-Palladium Project, Quartz Gulch Cobalt Project, Idaho, Key Lake Road uranium project, Maurice Point uranium project, and North West Athabasca among others.

Executives

Richard James Mazur

Director, Senior Officer