Heartfield Mining (XCNQ:HMC) ROCE % : -63.64% (As of Feb. 2024)

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What is Heartfield Mining 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. Heartfield Mining's annualized ROCE % for the quarter that ended in Feb. 2024 was -63.64%.

Heartfield Mining ROCE % Historical Data

The historical data trend for Heartfield Mining'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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Heartfield Mining ROCE % Chart

Heartfield Mining Annual Data

Trend

Feb22

Feb23

Feb24

ROCE %

-170.83

-117.58

-78.76

Heartfield Mining Quarterly Data
	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial						-54.74	-55.47	-56.37	-90.48	-63.64

Heartfield Mining ROCE % Calculation

Heartfield Mining's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	-0.191	/	( ( (0.326 - 0.034)	+	(0.321 - 0.128) )	/ 2 )
	=	-0.191	/	( (0.292	+	0.193)	/ 2 )
	=	-0.191	/	0.2425
	=	-78.76 %

Heartfield Mining's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-0.14	/	( ( (0.339 - 0.092)	+	(0.321 - 0.128) )	/ 2 )
	=	-0.14	/	( ( 0.247	+	0.193 )	/ 2 )
	=	-0.14	/	0.22
	=	-63.64 %

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

Heartfield Mining (XCNQ:HMC) 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.

Heartfield Mining ROCE % Related Terms

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Heartfield Mining (XCNQ:HMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Heartfield Mining Corp (XCNQ:HMC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

551 Howe Street, Suite 200, Vancouver, BC, CAN, V6C 2C2

Website

Heartfield Mining Corp is engaged in the acquisition and exploration of mineral property assets. The Company operates in one geographic location, Canada, and has one reportable segment, the exploration and evaluation of mineral resource properties.

Executives

Michael R. Dake

Director