Etruscus Resources (FRA:ERR) ROCE % : -6.56% (As of Dec. 2023)

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What is Etruscus Resources 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. Etruscus Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.56%.

Etruscus Resources ROCE % Historical Data

The historical data trend for Etruscus Resources'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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Etruscus Resources ROCE % Chart

Etruscus Resources Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-74.16

-21.39

-42.34

-16.26

-9.04

Etruscus Resources Quarterly Data
	Mar19	Jun19	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															-10.55	-11.66	-7.23	-18.59	-6.56

Etruscus Resources ROCE % Calculation

Etruscus Resources's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-0.309	/	( ( (3.641 - 0.052)	+	(3.392 - 0.145) )	/ 2 )
	=	-0.309	/	( (3.589	+	3.247)	/ 2 )
	=	-0.309	/	3.418
	=	-9.04 %

Etruscus Resources'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 )
	=	-0.236	/	( ( (3.696 - 0.103)	+	(3.714 - 0.117) )	/ 2 )
	=	-0.236	/	( ( 3.593	+	3.597 )	/ 2 )
	=	-0.236	/	3.595
	=	-6.56 %

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

Etruscus Resources (FRA:ERR) 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.

Etruscus Resources ROCE % Related Terms

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Etruscus Resources (FRA:ERR) Business Description

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ETRUF:USA ETR:Canada

Address

850 West Hastings Street, Suite 604, Vancouver, BC, CAN, V6C 1E1

Website

https://www.etruscusresources.com

Etruscus Resources Corp is engaged in identifying, evaluating, acquiring, and exploring mineral properties. The Rock and Roll Property covers approximately 21,955 hectares in the Iskut River Valley of Northwestern British Columbia, 150 Km north of the ocean port at Stewart. Its sugar property covers approximately 4,508 hectares to the east of the Stikine River Valley of Northwestern British Columbia, 165 km north of the ocean port at Stewart. The areas include metals like gold, silver, and copper.

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