BRS Resources (XCNQ:BRS) ROCE % : 768.07% (As of Oct. 2024)

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What is BRS 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. BRS Resources's annualized ROCE % for the quarter that ended in Oct. 2024 was 768.07%.

BRS Resources ROCE % Historical Data

The historical data trend for BRS 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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BRS Resources ROCE % Chart

BRS Resources Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Oct20

Oct21

Oct22

Oct23

Oct24

ROCE %

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-23.42

197.91

BRS Resources Quarterly Data
	Jan18	Apr18	Jul18	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
ROCE %	Get a 7-Day Free Trial															-	-256.31	-48.23	-59.47	768.07

BRS Resources ROCE % Calculation

BRS Resources's annualized ROCE % for the fiscal year that ended in Oct. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2024 )		(A: Oct. 2023 )		(A: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2024 )		(A: Oct. 2023 )		(A: Oct. 2024 )
	=	24.386	/	( ( (0.277 - 0.646)	+	(25.428 - 0.415) )	/ 2 )
	=	24.386	/	( (-0.369	+	25.013)	/ 2 )
	=	24.386	/	12.322
	=	197.91 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	98.544	/	( ( (0.84 - 0.193)	+	(25.428 - 0.415) )	/ 2 )
	=	98.544	/	( ( 0.647	+	25.013 )	/ 2 )
	=	98.544	/	12.83
	=	768.07 %

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

BRS Resources (XCNQ:BRS) 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.

BRS Resources ROCE % Related Terms

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BRS Resources Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » BRS Resources Ltd (XCNQ:BRS) » Definitions » ROCE %

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Address

1441 Johnston Road, Suite 308, White Rock, Vancouver, BC, CAN, V4B 3Z7

Website

https://www.brsresources.ca

BRS Resources Ltd is a mineral exploration company. The company is engaged in identifying, acquiring, exploring, and evaluating mineral properties in Canada. The portfolio of the company includes the Cowtrail Gold-Copper Mining Project, Mining in the Golden Triangle Region, and other projects. The company operates in Canada and USA.

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