Harfang Exploration (TSXV:HAR) ROCE % : -7.75% (As of Jan. 2024)

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What is Harfang Exploration 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. Harfang Exploration's annualized ROCE % for the quarter that ended in Jan. 2024 was -7.75%.

Harfang Exploration ROCE % Historical Data

The historical data trend for Harfang Exploration'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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Harfang Exploration ROCE % Chart

Harfang Exploration Annual Data

Trend

Oct14

Oct15

Oct16

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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-47.33

-38.15

-54.18

-31.49

-15.71

Harfang Exploration Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-10.06	-25.81	-11.70	-17.88	-7.75

Harfang Exploration ROCE % Calculation

Harfang Exploration's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	-2.59	/	( ( (17.186 - 0.199)	+	(16.591 - 0.611) )	/ 2 )
	=	-2.59	/	( (16.987	+	15.98)	/ 2 )
	=	-2.59	/	16.4835
	=	-15.71 %

Harfang Exploration's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-1.232	/	( ( (16.113 - 0.311)	+	(16.591 - 0.611) )	/ 2 )
	=	-1.232	/	( ( 15.802	+	15.98 )	/ 2 )
	=	-1.232	/	15.891
	=	-7.75 %

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

Harfang Exploration (TSXV:HAR) 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.

Harfang Exploration ROCE % Related Terms

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Harfang Exploration (TSXV:HAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Harfang Exploration Inc (TSXV:HAR) » Definitions » ROCE %

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HRFEF:USA

Address

1100 Avenue des Canadiens-de-Montreal, Suite 300, Montreal, QC, CAN, H3B 2S2

Website

https://www.harfangexploration.com

Harfang Exploration Inc is an exploration and evaluation stage company. It is engaged in the business of acquiring and exploring mineral properties in Canada. The company's focus is currently on the exploration and evaluation of its mineral properties in the James Bay area in the Province of Quebec for gold and lithium and in northeastern Ontario for gold. Its project portfolio includes Lake Menarik, Menarik East, Serpent, Lake Fagnant, and Lake Aulneau properties, Lake Tapiatic Property, and others.

Executives

Ian James Campbell

Director

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