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Quebec Rare Earth Elements (XCNQ:QREE) ROCE % : -2.07% (As of Oct. 2024)


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What is Quebec Rare Earth Elements 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. Quebec Rare Earth Elements's annualized ROCE % for the quarter that ended in Oct. 2024 was -2.07%.


Quebec Rare Earth Elements ROCE % Historical Data

The historical data trend for Quebec Rare Earth Elements'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.

Quebec Rare Earth Elements ROCE % Chart

Quebec Rare Earth Elements Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -37.02 -40.26 -35.31 -147.55 -5.28

Quebec Rare Earth Elements Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.96 -7.58 -4.22 -39.54 -2.07

Quebec Rare Earth Elements ROCE % Calculation

Quebec Rare Earth Elements's annualized ROCE % for the fiscal year that ended in Apr. 2024 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Apr. 2024 )  (A: Apr. 2023 )(A: Apr. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Apr. 2024 )  (A: Apr. 2023 )(A: Apr. 2024 )
=-0.208/( ( (3.162 - 0.136) + (5.006 - 0.157) )/ 2 )
=-0.208/( (3.026+4.849)/ 2 )
=-0.208/3.9375
=-5.28 %

Quebec Rare Earth Elements'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: Jul. 2024 )(Q: Oct. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Oct. 2024 )  (Q: Jul. 2024 )(Q: Oct. 2024 )
=-0.12/( ( (6.113 - 0.299) + (5.915 - 0.126) )/ 2 )
=-0.12/( ( 5.814 + 5.789 )/ 2 )
=-0.12/5.8015
=-2.07 %

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

* 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.


Quebec Rare Earth Elements  (XCNQ:QREE) 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.


Quebec Rare Earth Elements ROCE % Related Terms

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Quebec Rare Earth Elements Business Description

Traded in Other Exchanges
Address
410 West Georgia Street, 5th Floor, Vancouver, BC, CAN, V6B 1Z3
Quebec Rare Earth Elements Corp is a mining exploration and development company focused on Rare Earth Elements (REE), in the favorable mining jurisdiction of Quebec. Its projects are Saguenay Rare Earth Elements Project and Sept-Iles Rare Earth Elements Project.
Executives
John Warren Jentz 10% Security Holder, Director