ValOre Metals (TSXV:VO) ROCE % : 5.33% (As of Mar. 2024)

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What is ValOre Metals 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. ValOre Metals's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.33%.

ValOre Metals ROCE % Historical Data

The historical data trend for ValOre Metals'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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ValOre Metals ROCE % Chart

ValOre Metals Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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-66.74

-38.65

-52.82

-159.82

242.18

ValOre Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-54.92	-60.19	-	-42.98	5.33

ValOre Metals ROCE % Calculation

ValOre Metals's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	24.013	/	( ( (12.384 - 1.781)	+	(10.303 - 1.075) )	/ 2 )
	=	24.013	/	( (10.603	+	9.228)	/ 2 )
	=	24.013	/	9.9155
	=	242.18 %

ValOre Metals'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 )
	=	0.456	/	( ( (9.143 - 0.764)	+	(10.057 - 1.315) )	/ 2 )
	=	0.456	/	( ( 8.379	+	8.742 )	/ 2 )
	=	0.456	/	8.5605
	=	5.33 %

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

ValOre Metals (TSXV:VO) 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.

ValOre Metals ROCE % Related Terms

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ValOre Metals (TSXV:VO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » ValOre Metals Corp (TSXV:VO) » Definitions » ROCE %

Comparable Companies

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KVLQF:USA KEQ0:Germany

Address

800 West Pender Street, Suite 1020, Vancouver, BC, CAN, V6C 2V6

Website

https://www.valoremetals.com

ValOre Metals Corp is a Canadian-based exploration-stage company. It focuses on the acquisition, exploration, and development of mineral resources. Pedra Branca, Angilak, Baffin Gold, Genesis and Hatchet Lake are some of the assets that the company possesses. It has two geographical segments that include Canada and Brazil.

Executives

James R. Paterson

Director, Senior Officer