Forte Minerals (XCNQ:CUAU) ROCE % : -90.04% (As of Dec. 2023)

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What is Forte 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. Forte Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -90.04%.

Forte Minerals ROCE % Historical Data

The historical data trend for Forte 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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Forte Minerals ROCE % Chart

Forte Minerals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-50.98

-35.38

-78.09

-65.44

Forte Minerals Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial								-47.38	-49.96	-40.67	-66.96	-90.04

Forte Minerals ROCE % Calculation

Forte 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 )
	=	-1.17	/	( ( (2.478 - 0.065)	+	(1.214 - 0.051) )	/ 2 )
	=	-1.17	/	( (2.413	+	1.163)	/ 2 )
	=	-1.17	/	1.788
	=	-65.44 %

Forte Minerals's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-1.18	/	( ( (1.565 - 0.107)	+	(1.214 - 0.051) )	/ 2 )
	=	-1.18	/	( ( 1.458	+	1.163 )	/ 2 )
	=	-1.18	/	1.3105
	=	-90.04 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Forte Minerals (XCNQ:CUAU) 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.

Forte Minerals ROCE % Related Terms

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Forte Minerals (XCNQ:CUAU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Forte Minerals Corp (XCNQ:CUAU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FOMNF:USA 2OA:Germany

Address

108 - 744 West Hastings Street, Vancouver, BC, CAN, V6C 1A5

Website

https://www.forteminerals.com

Forte Minerals Corp is a mining exploration company focused on copper and gold in Peru. Its projects are Esperanza Project, Pucarini Project, and Don Gregorio Project.

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