East Coast Vulcan (PHS:ECVC) ROCE % : -6.61% (As of Mar. 2024)

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What is East Coast Vulcan 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. East Coast Vulcan's annualized ROCE % for the quarter that ended in Mar. 2024 was -6.61%.

East Coast Vulcan ROCE % Historical Data

The historical data trend for East Coast Vulcan'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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East Coast Vulcan ROCE % Chart

East Coast Vulcan Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-595.03

107.44

37.30

14.14

East Coast Vulcan Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-0.97	4.38	10.56	15.53	-6.61

East Coast Vulcan ROCE % Calculation

East Coast Vulcan'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 )
	=	194.876	/	( ( (1586.849 - 263.971)	+	(2240.461 - 806.802) )	/ 2 )
	=	194.876	/	( (1322.878	+	1433.659)	/ 2 )
	=	194.876	/	1378.2685
	=	14.14 %

East Coast Vulcan's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-94.392	/	( ( (2240.461 - 806.802)	+	(2407.501 - 983.605) )	/ 2 )
	=	-94.392	/	( ( 1433.659	+	1423.896 )	/ 2 )
	=	-94.392	/	1428.7775
	=	-6.61 %

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

East Coast Vulcan (PHS:ECVC) 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.

East Coast Vulcan ROCE % Related Terms

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East Coast Vulcan (PHS:ECVC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » East Coast Vulcan Corp (PHS:ECVC) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Makati Avenue corner Senator, Gil Puyat Avenue, 4th Floor, Pacific Star Building, Low Rise Tower, Metro Manila, Makati, PHL, 1209

Website

https://www.vulcanminingcorp.com

East Coast Vulcan Corp, formerly Vulcan Industrial & Mining Corp is not having any commercial operation and operates in the holding segment. The firm is involved in finding, developing, and producing oil and gas reserves and other mineral properties. It is also engaged in rock aggregate quarrying, crushing, and marketing. The company is a participant in several service contracts, mineral production sharing agreements, and geophysical survey and exploration contracts. It has undertaken two projects namely, the Marian Project and Negros Copper Projects.

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