First Phosphate (XCNQ:PHOS) ROCE % : -214.07% (As of May. 2024)

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What is First Phosphate 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. First Phosphate's annualized ROCE % for the quarter that ended in May. 2024 was -214.07%.

First Phosphate ROCE % Historical Data

The historical data trend for First Phosphate'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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First Phosphate ROCE % Chart

First Phosphate Annual Data

Trend

Feb09

Feb10

Feb11

Feb12

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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-119.20

-111.65

First Phosphate Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
ROCE %	Get a 7-Day Free Trial															-172.13	-101.15	-86.06	-206.95	-214.07

First Phosphate ROCE % Calculation

First Phosphate'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 )
	=	-8.226	/	( ( (5.933 - 0.511)	+	(12.996 - 3.683) )	/ 2 )
	=	-8.226	/	( (5.422	+	9.313)	/ 2 )
	=	-8.226	/	7.3675
	=	-111.65 %

First Phosphate's ROCE % of for the quarter that ended in May. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2024 )		(Q: Feb. 2024 )		(Q: May. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2024 )		(Q: Feb. 2024 )		(Q: May. 2024 )
	=	-16.34	/	( ( (12.996 - 3.683)	+	(6.895 - 0.942) )	/ 2 )
	=	-16.34	/	( ( 9.313	+	5.953 )	/ 2 )
	=	-16.34	/	7.633
	=	-214.07 %

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

First Phosphate (XCNQ:PHOS) 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.

First Phosphate ROCE % Related Terms

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First Phosphate Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Phosphate Corp (XCNQ:PHOS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FRSPF:USA KD0:Germany

Address

1055 West Georgia Street, Suite 1500, Royal Centre, P.O. Box 11117, Vancouver, BC, CAN, V6E 4N7

Website

https://www.firstphosphate.com

First Phosphate Corp is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate battery industry. The company is committed to producing at a high purity level, at full ESG standard and with a low anticipated carbon footprint. It has one operating segment involved in the exploration of mineral properties.

Executives

John Passalacqua

10% Security Holder, Director, Senior Officer

First Phosphate Headlines

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