Quetzal Copper (TSXV:Q) ROCE % : -29.26% (As of Feb. 2024)

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What is Quetzal Copper 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. Quetzal Copper's annualized ROCE % for the quarter that ended in Feb. 2024 was -29.26%.

Quetzal Copper ROCE % Historical Data

The historical data trend for Quetzal Copper'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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Quetzal Copper ROCE % Chart

Quetzal Copper Annual Data

Trend

May22

ROCE %

-21.18

Quetzal Copper Quarterly Data
	Feb21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial							-3.30	-23.47	-5.31	-11.75	-29.26

Quetzal Copper ROCE % Calculation

Quetzal Copper's annualized ROCE % for the fiscal year that ended in May. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2022 )		(A: . 20 )		(A: May. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2022 )		(A: . 20 )		(A: May. 2022 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Quetzal Copper'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 )
	=	-0.248	/	( ( (0.895 - 0.023)	+	(0.876 - 0.053) )	/ 2 )
	=	-0.248	/	( ( 0.872	+	0.823 )	/ 2 )
	=	-0.248	/	0.8475
	=	-29.26 %

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

Quetzal Copper (TSXV:Q) 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.

Quetzal Copper ROCE % Related Terms

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Quetzal Copper (TSXV:Q) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Quetzal Copper Corp (TSXV:Q) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1040 West Georgia Street, Suite 1500, Vancouver, BC, CAN, V6E 4H1

Website

Ankh Capital Inc is a capital pool company.

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