Voltage Metals (XCNQ:VOLT) ROCE % : 0.00% (As of Dec. 2023)

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What is Voltage Metals 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. Voltage Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Voltage Metals ROCE % Historical Data

The historical data trend for Voltage Metals'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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Voltage Metals ROCE % Chart

Voltage Metals Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-27.95

-18.35

-17.79

-366.64

Voltage Metals Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial													-126.83	-	-	-	-

Voltage Metals ROCE % Calculation

Voltage Metals'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 )
	=	-0.589	/	( ( (0.469 - 1.014)	+	(0.607 - 0.995) )	/ 2 )
	=	-0.589	/	( (-0.545	+	-0.388)	/ 2 )
	=	-0.589	/	-0.4665
	=	126.26 %

Voltage Metals's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-0.768	/	( ( (0.606 - 0.794)	+	(0.607 - 0.995) )	/ 2 )
	=	-0.768	/	( ( -0.188	+	-0.388 )	/ 2 )
	=	-0.768	/	-0.288
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Voltage Metals (XCNQ:VOLT) 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.

Voltage Metals ROCE % Related Terms

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Voltage Metals (XCNQ:VOLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Voltage Metals Corp (XCNQ:VOLT) » Definitions » ROCE %

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Traded in Other Exchanges

VLTMF:USA

Address

5000 Yonge Street, Suite 1901, Toronto, ON, CAN, M2N 7E9

Website

https://www.voltagemetals.com

Voltage Metals Corp is an exploration company focused on advancing battery metals projects. It is a producer of nickel, copper, cobalt and PGE's. The principal business carried on by the company include the acquisition, exploration and development of its St. Laurent project, Wheeler project, Skyfire project, etc.