Earthwise Minerals (XCNQ:WISE) ROCE % : 0.00% (As of Jun. 2024)

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What is Earthwise 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. Earthwise Minerals's annualized ROCE % for the quarter that ended in Jun. 2024 was 0.00%.

Earthwise Minerals ROCE % Historical Data

The historical data trend for Earthwise 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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Earthwise Minerals ROCE % Chart

Earthwise Minerals Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

-198.96

-88.83

-276.70

-285.99

Earthwise Minerals Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial													-	-	-	-	-

Earthwise Minerals ROCE % Calculation

Earthwise Minerals's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-0.66	/	( ( (0.669 - 0.849)	+	(0.126 - 0.943) )	/ 2 )
	=	-0.66	/	( (-0.18	+	-0.817)	/ 2 )
	=	-0.66	/	-0.4985
	=	132.40 %

Earthwise Minerals's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-0.356	/	( ( (0.126 - 0.943)	+	(0.026 - 0.945) )	/ 2 )
	=	-0.356	/	( ( -0.817	+	-0.919 )	/ 2 )
	=	-0.356	/	-0.868
	=	0 %

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

Earthwise Minerals (XCNQ:WISE) 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.

Earthwise Minerals ROCE % Related Terms

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Earthwise Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Earthwise Minerals Corp (XCNQ:WISE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

966:Germany

Address

409 Granville Street, Suite 1000, Vancouver, BC, CAN, V6C 1T2

Website

https://www.hawkmoonresources.com

Earthwise Minerals Corp is focused on junior-stage project acquisitions across Canada. One of the company projects is located in gold-endowed areas, the Abitibi Greenstone Belt. The Wilson Gold Project can be accessed by government-maintained roads located east of the town of Lebel-sur-Quevillon, Quebec.