Ubique Minerals (XCNQ:UBQ) ROCE % : -19.38% (As of Apr. 2024)

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What is Ubique Minerals 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. Ubique Minerals's annualized ROCE % for the quarter that ended in Apr. 2024 was -19.38%.

Ubique Minerals ROCE % Historical Data

The historical data trend for Ubique Minerals'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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Ubique Minerals ROCE % Chart

Ubique Minerals Annual Data

Trend

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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-22.62

-34.55

-23.09

-54.33

-115.77

Ubique Minerals Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
ROCE %	Get a 7-Day Free Trial															-114.95	291.40	-21.82	-41.66	-19.38

Ubique Minerals ROCE % Calculation

Ubique Minerals's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	-1.854	/	( ( (1.862 - 0.239)	+	(2.254 - 0.674) )	/ 2 )
	=	-1.854	/	( (1.623	+	1.58)	/ 2 )
	=	-1.854	/	1.6015
	=	-115.77 %

Ubique Minerals'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 )
	=	-0.336	/	( ( (2.347 - 0.571)	+	(2.361 - 0.669) )	/ 2 )
	=	-0.336	/	( ( 1.776	+	1.692 )	/ 2 )
	=	-0.336	/	1.734
	=	-19.38 %

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

Ubique Minerals (XCNQ:UBQ) 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.

Ubique Minerals ROCE % Related Terms

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Ubique Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ubique Minerals Ltd (XCNQ:UBQ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

2UM:Germany

Address

100 King Street West, Suite 5700, Toronto, ON, CAN, M5X 1C7

Website

https://www.ubiqueminerals.com

Ubique Minerals Ltd is engaged in the acquisition and evaluation of mineral exploration assets and it is in the exploration stage. The company is focused on the exploration of Daniel's Harbour zinc property in Newfoundland and Labrador, Namibia, Africa.

Executives

Vilhjalmur Thor Vilhjalmsson	10% Security Holder, Director, Senior Officer
Paul Winston Cullingham	10% Security Holder
Gerald Harper	Director, Senior Officer
David Martin Lonsdale	Director

Ubique Minerals Headlines

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