Highrock Resources (XCNQ:HRK) ROCE % : -213.43% (As of Apr. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Highrock 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. Highrock Resources's annualized ROCE % for the quarter that ended in Apr. 2024 was -213.43%.

Highrock Resources ROCE % Historical Data

The historical data trend for Highrock 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.

* Premium members only.

Highrock Resources ROCE % Chart

Highrock Resources Annual Data

Trend

Jan22

Jan23

Jan24

ROCE %

-75.17

-156.36

Highrock Resources Quarterly Data
	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
ROCE %	Get a 7-Day Free Trial						-235.29	-67.95	-45.61	-69.83	-213.43

Highrock Resources ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	-0.215	/	( ( (0.179 - 0.086)	+	(0.301 - 0.119) )	/ 2 )
	=	-0.215	/	( (0.093	+	0.182)	/ 2 )
	=	-0.215	/	0.1375
	=	-156.36 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Apr. 2024 )		(Q: Jan. 2024 )		(Q: Apr. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2024 )		(Q: Jan. 2024 )		(Q: Apr. 2024 )
	=	-0.572	/	( ( (0.301 - 0.119)	+	(0.49 - 0.136) )	/ 2 )
	=	-0.572	/	( ( 0.182	+	0.354 )	/ 2 )
	=	-0.572	/	0.268
	=	-213.43 %

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

Highrock Resources (XCNQ:HRK) 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.

Highrock Resources ROCE % Related Terms

Thank you for viewing the detailed overview of Highrock Resources's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Highrock Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Highrock Resources Ltd (XCNQ:HRK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

Highrock Resources Ltd engages in the exploration and development of mineral properties in British Columbia with a primary focus on gold exploration in British Columbia. It holds an interest in Pathfinder Property.

Executives

Anthony Ralph Roodenburg

Director, Senior Officer

Highrock Resources Headlines

No Headlines