VLCJF (Velocity Minerals) ROCE % : -9.66% (As of Sep. 2024)

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What is Velocity Minerals 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. Velocity Minerals's annualized ROCE % for the quarter that ended in Sep. 2024 was -9.66%.

Velocity Minerals ROCE % Historical Data

The historical data trend for Velocity Minerals'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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Velocity Minerals ROCE % Chart

Velocity Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-25.92

-7.82

-8.39

-9.81

-6.70

Velocity Minerals 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															-5.90	-5.25	-3.89	-6.90	-9.66

Velocity Minerals ROCE % Calculation

Velocity Minerals'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 )
	=	-1.366	/	( ( (19.512 - 0.34)	+	(22.259 - 0.675) )	/ 2 )
	=	-1.366	/	( (19.172	+	21.584)	/ 2 )
	=	-1.366	/	20.378
	=	-6.70 %

Velocity Minerals'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 )
	=	-1.992	/	( ( (21.161 - 0.426)	+	(20.925 - 0.401) )	/ 2 )
	=	-1.992	/	( ( 20.735	+	20.524 )	/ 2 )
	=	-1.992	/	20.6295
	=	-9.66 %

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

Velocity Minerals (OTCPK:VLCJF) 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.

Velocity Minerals ROCE % Related Terms

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Velocity Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Velocity Minerals Ltd (OTCPK:VLCJF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

VMSP:Germany VMSP:Germany VLC:Canada

Address

999 West Hastings Street, Suite 890, Vancouver, BC, CAN, V6C 2W2

Website

https://www.velocityminerals.com

Velocity Minerals Ltd is a gold exploration and development company focused on eastern Europe. It is engaged in gold exploration in Bulgaria. It is focused on Tintyava Property, Nadezhda Property, Momchil Property, and Iglika Property in Bulgaria.