VANAF (Largo Physical Vanadium) ROCE % : -3.61% (As of Sep. 2024)

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What is Largo Physical Vanadium 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. Largo Physical Vanadium's annualized ROCE % for the quarter that ended in Sep. 2024 was -3.61%.

Largo Physical Vanadium ROCE % Historical Data

The historical data trend for Largo Physical Vanadium'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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Largo Physical Vanadium ROCE % Chart

Largo Physical Vanadium Annual Data

Trend

Jul21

Jul22

Dec23

ROCE %

-71.89

Largo Physical Vanadium Quarterly Data
	Jul22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial				-6.16	-120.95	-3.35	-5.01	-3.61

Largo Physical Vanadium ROCE % Calculation

Largo Physical Vanadium'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: Jul. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Jul. 2022 )		(A: Dec. 2023 )
	=	-7.246	/	( ( (22.526 - 22.716)	+	(20.797 - 0.449) )	/ 2 )
	=	-7.246	/	( (-0.19	+	20.348)	/ 2 )
	=	-7.246	/	10.079
	=	-71.89 %

Largo Physical Vanadium'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 )
	=	-0.656	/	( ( (19.391 - 0.481)	+	(17.845 - 0.39) )	/ 2 )
	=	-0.656	/	( ( 18.91	+	17.455 )	/ 2 )
	=	-0.656	/	18.1825
	=	-3.61 %

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

Largo Physical Vanadium (OTCPK:VANAF) 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.

Largo Physical Vanadium ROCE % Related Terms

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Largo Physical Vanadium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Largo Physical Vanadium Corp (OTCPK:VANAF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

VAND:Canada

Address

666 Burrard Street, Suite 1700, Vancouver, BC, CAN, V6C 2X8

Website

https://www.lpvanadium.com

Largo Physical Vanadium Corp is engaged in manufacturing high-quality vanadium products. The Company also aims to provide a secure, convenient, and exchange-traded investment alternative for investors interested in direct investment exposure to physical vanadium and not to speculate about short-term changes in vanadium prices.

Largo Physical Vanadium Headlines

From GuruFocus

Largo Physical Vanadium Announces Initiatives to Reduce Expenses

By GlobeNewswire • 11-16-2023