Enduro Metals (TSXV:ENDR) ROCE % : 3.88% (As of Dec. 2023)

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What is Enduro 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. Enduro Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.88%.

Enduro Metals ROCE % Historical Data

The historical data trend for Enduro 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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Enduro Metals ROCE % Chart

Enduro Metals Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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-107.16

-13.11

-8.27

0.25

-3.50

Enduro Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															16.61	-3.15	-2.61	-	3.88

Enduro Metals ROCE % Calculation

Enduro Metals's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-1.036	/	( ( (33.129 - 3.048)	+	(30.418 - 1.365) )	/ 2 )
	=	-1.036	/	( (30.081	+	29.053)	/ 2 )
	=	-1.036	/	29.567
	=	-3.50 %

Enduro 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 )
	=	1.156	/	( ( (30.418 - 1.365)	+	(31.742 - 1.231) )	/ 2 )
	=	1.156	/	( ( 29.053	+	30.511 )	/ 2 )
	=	1.156	/	29.782
	=	3.88 %

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

Enduro Metals (TSXV:ENDR) 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.

Enduro Metals ROCE % Related Terms

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Enduro Metals (TSXV:ENDR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Enduro Metals Corp (TSXV:ENDR) » Definitions » ROCE %

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ENDMD:USA SOG0:Germany

Address

1632 Dickson Avenue, Suite 202, Kelowna, BC, CAN, V1Y 7T2

Website

https://www.endurometals.com

Enduro Metals Corp is an explorer focused in the heart of British Columbia's Golden Triangle. The company's projects include McLymont, Burgundy, Cuba, and Chachi. It also holds an interest in the Tom Cat Project located southeast of Merritt in south-central British Columbia.

Executives

Cole Stephen Evans

Director, Senior Officer

Enduro Metals (TSXV:ENDR) Headlines

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