Omega Pacific Resources (XCNQ:OMGA) ROCE % : 0.00% (As of Oct. 2024)

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What is Omega Pacific 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. Omega Pacific Resources's annualized ROCE % for the quarter that ended in Oct. 2024 was 0.00%.

Omega Pacific Resources ROCE % Historical Data

The historical data trend for Omega Pacific 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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Omega Pacific Resources ROCE % Chart

Omega Pacific Resources Annual Data

Trend

Oct22

Oct23

Oct24

ROCE %

-31.14

-179.67

Omega Pacific Resources Quarterly Data
	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Oct24
ROCE %	Get a 7-Day Free Trial			-14.99	-16.02	-17.12	-22.76	-

Omega Pacific Resources ROCE % Calculation

Omega Pacific 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 )
	=	-3.5	/	( ( (0.449 - 0.019)	+	(3.994 - 0.528) )	/ 2 )
	=	-3.5	/	( (0.43	+	3.466)	/ 2 )
	=	-3.5	/	1.948
	=	-179.67 %

Omega Pacific 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: Apr. 2024 )		(Q: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2024 )		(Q: Apr. 2024 )		(Q: Oct. 2024 )
	=	0	/	( ( (5.766 - 0.095)	+	(3.994 - 0.528) )	/ 2 )
	=	0	/	( ( 5.671	+	3.466 )	/ 2 )
	=	0	/	4.5685
	=	0.00 %

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

Omega Pacific Resources (XCNQ:OMGA) 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.

Omega Pacific Resources ROCE % Related Terms

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Omega Pacific Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Omega Pacific Resources Inc (XCNQ:OMGA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

Q0F:Germany

Address

700 West Georgia Street, Suite 888, Vancouver, BC, CAN, V7Y 1G5

Website

https://www.omegapacific.ca

Omega Pacific Resources Inc is a Canadian mineral exploration company focused on the acquisition, exploration, and development of mineral projects in Canada. Its projects include Williams property and Lekcin Property.

Executives

John Williamson	Director
Jason Leikam	Director

Omega Pacific Resources Headlines

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