Foremost Clean Energy (XCNQ:FAT) ROCE % : -40.61% (As of Dec. 2024)

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What is Foremost Clean Energy 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. Foremost Clean Energy's annualized ROCE % for the quarter that ended in Dec. 2024 was -40.61%.

Foremost Clean Energy ROCE % Historical Data

The historical data trend for Foremost Clean Energy'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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Foremost Clean Energy ROCE % Chart

Foremost Clean Energy Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-39.41

-43.46

-63.58

12.34

-35.84

Foremost Clean Energy Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-17.68	-42.84	-23.51	-38.47	-40.61

Foremost Clean Energy ROCE % Calculation

Foremost Clean Energy's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-4.346	/	( ( (13.3 - 2.913)	+	(16.599 - 2.732) )	/ 2 )
	=	-4.346	/	( (10.387	+	13.867)	/ 2 )
	=	-4.346	/	12.127
	=	-35.84 %

Foremost Clean Energy's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-7.972	/	( ( (16.599 - 3.809)	+	(29.64 - 3.172) )	/ 2 )
	=	-7.972	/	( ( 12.79	+	26.468 )	/ 2 )
	=	-7.972	/	19.629
	=	-40.61 %

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

Foremost Clean Energy (XCNQ:FAT) 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.

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Foremost Clean Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Foremost Clean Energy Ltd (XCNQ:FAT) » Definitions » ROCE %

Comparable Companies

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FMST:USA F0R:Germany F0R:Germany

Address

750 West Pender Street, Suite 250, Vancouver, BC, CAN, V6C 2T7

Website

https://foremostcleanenergy.com

Foremost Clean Energy Ltd is an emerging North American uranium and lithium exploration company. Its uranium portfolio consists of projects at different stages of exploration from grassroots, to those with significant historical exploration and drill-ready targets. It also maintains a secondary portfolio of lithium projects at different stages of development spanning 50,000-plus acres across Manitoba and Quebec.

Executives

David Daniel Cates	Director
Douglas Lawrence Mason	Director
Sead Hamzagic	Senior Officer
Baljinder Bhullar	Senior Officer
Christopher Lauchlin Macpherson	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Jason Barnard	10% Security Holder