Velox Energy Materials (TSXV:VLX) ROCE % : -18.22% (As of Sep. 2024)

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What is Velox Energy Materials 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. Velox Energy Materials's annualized ROCE % for the quarter that ended in Sep. 2024 was -18.22%.

Velox Energy Materials ROCE % Historical Data

The historical data trend for Velox Energy Materials'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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Velox Energy Materials ROCE % Chart

Velox Energy Materials Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-30.82

-20.65

-81.87

-47.31

-33.08

Velox Energy Materials 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															-46.03	-19.20	-34.30	-23.77	-18.22

Velox Energy Materials ROCE % Calculation

Velox Energy Materials'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 )
	=	-1.692	/	( ( (3.386 - 0.316)	+	(7.356 - 0.197) )	/ 2 )
	=	-1.692	/	( (3.07	+	7.159)	/ 2 )
	=	-1.692	/	5.1145
	=	-33.08 %

Velox Energy Materials'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 )
	=	-1.156	/	( ( (6.781 - 0.301)	+	(6.488 - 0.277) )	/ 2 )
	=	-1.156	/	( ( 6.48	+	6.211 )	/ 2 )
	=	-1.156	/	6.3455
	=	-18.22 %

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

Velox Energy Materials (TSXV:VLX) 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.

Velox Energy Materials ROCE % Related Terms

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Velox Energy Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Velox Energy Materials Inc (TSXV:VLX) » Definitions » ROCE %

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CUIRF:USA OJ4:Germany

Address

595 Howe Street, 10th Floor, Vancouver, BC, CAN, V6C 2T5

Website

https://www.veloxenergymaterials.com.au

Velox Energy Materials Inc is an exploration and development company. It is a precious metal explorer company. Its project includes The North Queensland Vanadium Project which is located in northwest Queensland, Australia. The Kotai Hydrogen Project. Lake Pierre Lithium Project The Company conducts its business in a single operating segment as its exploration resource property in Australia.

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