SRQ Resources (TSXV:SRQ) ROCE % : -96.51% (As of Mar. 2024)

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What is SRQ 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. SRQ Resources's annualized ROCE % for the quarter that ended in Mar. 2024 was -96.51%.

SRQ Resources ROCE % Historical Data

The historical data trend for SRQ 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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SRQ Resources ROCE % Chart

SRQ Resources Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-266.72

SRQ Resources Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial			-	-	-102.40	-186.57	-96.51

SRQ Resources ROCE % Calculation

SRQ Resources'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 )
	=	-1.583	/	( ( (0.334 - 1.194)	+	(2.344 - 0.297) )	/ 2 )
	=	-1.583	/	( (-0.86	+	2.047)	/ 2 )
	=	-1.583	/	0.5935
	=	-266.72 %

SRQ Resources's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-1.824	/	( ( (2.344 - 0.297)	+	(2.049 - 0.316) )	/ 2 )
	=	-1.824	/	( ( 2.047	+	1.733 )	/ 2 )
	=	-1.824	/	1.89
	=	-96.51 %

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

SRQ Resources (TSXV:SRQ) 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.

SRQ Resources ROCE % Related Terms

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SRQ Resources (TSXV:SRQ) Business Description

Industry

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

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Traded in Other Exchanges

SRQRF:USA

Address

1320 Graham Ville, Suite 132, Montreal, QC, CAN, H3P 3C8

Website

SRQ Resources Inc is a mineral exploration and development company. SRQ is focused on the creation of a North American nickel power play, notably with the Lac Brule property in Quebec. The company owns a total of 525 exploration claims in the province of Quebec, Canada, related to different properties. The company's properties include The Lac Brule property, The Lac Brennan property, The Lac Jim property, The Lac Picanoc property, and The Lac Montmord property.

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