Fuse Battery Metals (TSXV:FUSE) ROCE % : -10.22% (As of Sep. 2024)

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What is Fuse Battery 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. Fuse Battery Metals's annualized ROCE % for the quarter that ended in Sep. 2024 was -10.22%.

Fuse Battery Metals ROCE % Historical Data

The historical data trend for Fuse Battery 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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Fuse Battery Metals ROCE % Chart

Fuse Battery Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-34.03

-43.97

-10.63

-49.22

-27.68

Fuse Battery Metals 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															-11.24	-68.29	-10.31	-11.33	-10.22

Fuse Battery Metals ROCE % Calculation

Fuse Battery Metals'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 )
	=	-1.668	/	( ( (6.399 - 0.043)	+	(5.717 - 0.021) )	/ 2 )
	=	-1.668	/	( (6.356	+	5.696)	/ 2 )
	=	-1.668	/	6.026
	=	-27.68 %

Fuse Battery Metals'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 )
	=	-0.544	/	( ( (5.489 - 0.094)	+	(5.255 - 0) )	/ 2 )
	=	-0.544	/	( ( 5.395	+	5.255 )	/ 2 )
	=	-0.544	/	5.325
	=	-10.22 %

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

Fuse Battery Metals (TSXV:FUSE) 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.

Fuse Battery Metals ROCE % Related Terms

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Fuse Battery Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fuse Battery Metals Inc (TSXV:FUSE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FUSEF:USA 43W0:Germany

Address

3028 Quadra Court, Coquitlam, BC, CAN, V3B 5X6

Website

https://www.fusebatterymetals.com

Fuse Battery Metals Inc is a Canada-based company engaged in the exploration and development of exploration and evaluation properties. The company currently holds interests in exploration and evaluation properties in the province of Ontario, Canada, and the state of Nevada, USA. Its projects include the Glencore Bucke Cobalt property, Teledyne Cobalt property and Teels Marsh property.

Executives

Timothy Cyril Fernback

Director