Starmet Ventures (XCNQ:STAR) ROCE % : -20.93% (As of Sep. 2024)

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What is Starmet Ventures 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. Starmet Ventures's annualized ROCE % for the quarter that ended in Sep. 2024 was -20.93%.

Starmet Ventures ROCE % Historical Data

The historical data trend for Starmet Ventures'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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Starmet Ventures ROCE % Chart

Starmet Ventures Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-11.37

-193.94

-36.44

Starmet Ventures Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial								-31.65	-33.13	-18.05	-23.34	-20.93

Starmet Ventures ROCE % Calculation

Starmet Ventures's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-0.223	/	( ( (0.389 - 0.138)	+	(1.209 - 0.236) )	/ 2 )
	=	-0.223	/	( (0.251	+	0.973)	/ 2 )
	=	-0.223	/	0.612
	=	-36.44 %

Starmet Ventures's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-0.18	/	( ( (1.185 - 0.301)	+	(1.211 - 0.375) )	/ 2 )
	=	-0.18	/	( ( 0.884	+	0.836 )	/ 2 )
	=	-0.18	/	0.86
	=	-20.93 %

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

Starmet Ventures (XCNQ:STAR) 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.

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Starmet Ventures Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Starmet Ventures Inc (XCNQ:STAR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.303 - 1687 West Broadway, Vancouver, BC, CAN, V6J 1X2

Website

Starmet Ventures Inc engages in the exploration of mineral resource properties with an emphasis on the Property located in Esmeralda County, Nevada. It holds a 100% interest in the JPL Project. It has one reportable operating segment, being the acquisition and exploration of exploration and evaluation assets.

Executives

Ohad David

Director, Senior Officer

Starmet Ventures Headlines

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