Strategic Resources (TSXV:SR) ROCE % : -106.36% (As of Mar. 2023)

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What is Strategic Resources 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. Strategic Resources's annualized ROCE % for the quarter that ended in Mar. 2023 was -106.36%.

Strategic Resources ROCE % Historical Data

The historical data trend for Strategic Resources'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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Strategic Resources ROCE % Chart

Strategic Resources Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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-123.12

-153.85

-69.15

-29.73

-29.96

Strategic Resources Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
ROCE %	Get a 7-Day Free Trial															-31.39	-23.12	-22.52	-33.62	-106.36

Strategic Resources ROCE % Calculation

Strategic Resources's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	-1.542	/	( ( (5.552 - 0.027)	+	(4.797 - 0.028) )	/ 2 )
	=	-1.542	/	( (5.525	+	4.769)	/ 2 )
	=	-1.542	/	5.147
	=	-29.96 %

Strategic Resources's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	-90.036	/	( ( (4.338 - 0.254)	+	(179.534 - 14.314) )	/ 2 )
	=	-90.036	/	( ( 4.084	+	165.22 )	/ 2 )
	=	-90.036	/	84.652
	=	-106.36 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2023) EBIT data.

Strategic Resources (TSXV:SR) 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.

Strategic Resources ROCE % Related Terms

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Strategic Resources (TSXV:SR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Strategic Resources Inc (TSXV:SR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SCCFF:USA

Address

1155 Metcalfe Street, Suite 1539, Montréal, QC, CAN, H3B 2V6

Website

https://www.strategic-res.com

Strategic Resources Inc is a mineral exploration and development company engaged in the acquisition, exploration, and development of vanadium, iron, titanium, and other metals for the electrification of the economy. The Company is focused on its flagship Mustavaara vanadium-iron-titanium project in Finland. Other project includes the construction-ready BlackRock Vanadium-Titanium-Iron Project in Quebec. The Group has one operating segment, being the acquisition, exploration and evaluation of mineral assets. The company operates in Canada and Finland.

Executives

Scott Victor Andrew Hicks

Director, Senior Officer