Oceanic Iron Ore (TSXV:FEO) ROCE % : -1.99% (As of Dec. 2023)

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What is Oceanic Iron Ore 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. Oceanic Iron Ore's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.99%.

Oceanic Iron Ore ROCE % Historical Data

The historical data trend for Oceanic Iron Ore'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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Oceanic Iron Ore ROCE % Chart

Oceanic Iron Ore Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.16

-10.21

8.15

-1.42

1.36

Oceanic Iron Ore 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															1.36	-10.22	8.09	9.67	-1.99

Oceanic Iron Ore ROCE % Calculation

Oceanic Iron Ore'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 )
	=	0.591	/	( ( (44.854 - 1.789)	+	(44.743 - 1.131) )	/ 2 )
	=	0.591	/	( (43.065	+	43.612)	/ 2 )
	=	0.591	/	43.3385
	=	1.36 %

Oceanic Iron Ore'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 )
	=	-0.86	/	( ( (44.724 - 1.82)	+	(44.743 - 1.131) )	/ 2 )
	=	-0.86	/	( ( 42.904	+	43.612 )	/ 2 )
	=	-0.86	/	43.258
	=	-1.99 %

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

Oceanic Iron Ore (TSXV:FEO) 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.

Oceanic Iron Ore ROCE % Related Terms

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Oceanic Iron Ore (TSXV:FEO) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Oceanic Iron Ore Corp (TSXV:FEO) » Definitions » ROCE %

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FEOVF:USA

Address

595 Burrard Street, Suite 3083, Three Bentall Centre, Vancouver, BC, CAN, V7X 1L3

Website

https://www.oceanicironore.com

Oceanic Iron Ore Corp is an exploration-stage company. It is engaged in the acquisition and exploration of iron ore properties in Quebec, Canada. The company focuses on the operations of the Ungava Bay iron property in Nunavik, Quebec which consists of three project areas: Hopes Advance, Morgan Lake, and Roberts Lake.

Executives