Fort St James Nickel (TSXV:FTJ) ROCE % : 0.00% (As of Jan. 2024)

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What is Fort St James Nickel 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. Fort St James Nickel's annualized ROCE % for the quarter that ended in Jan. 2024 was 0.00%.

Fort St James Nickel ROCE % Historical Data

The historical data trend for Fort St James Nickel'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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Fort St James Nickel ROCE % Chart

Fort St James Nickel Annual Data

Trend

Apr14

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Apr23

ROCE %

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Fort St James Nickel Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Fort St James Nickel ROCE % Calculation

Fort St James Nickel's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	-0.689	/	( ( (0.015 - 0.686)	+	(0.011 - 1.32) )	/ 2 )
	=	-0.689	/	( (-0.671	+	-1.309)	/ 2 )
	=	-0.689	/	-0.99
	=	69.60 %

Fort St James Nickel's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-0.308	/	( ( (0.024 - 1.428)	+	(0.026 - 1.508) )	/ 2 )
	=	-0.308	/	( ( -1.404	+	-1.482 )	/ 2 )
	=	-0.308	/	-1.443
	=	0 %

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

Fort St James Nickel (TSXV:FTJ) 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.

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Fort St James Nickel (TSXV:FTJ) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fort St James Nickel Corp (TSXV:FTJ) » Definitions » ROCE %

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Address

888 Dunsmuir Street, Suite 888, Vancouver, BC, CAN, V6C 3K4

Website

https://www.ftjminerals.com

Fort St James Nickel Corp is a Canadian-based mineral exploration company. It is engaged in the acquisition, evaluation, and exploration of mineral properties in North America. The company's properties include the Kilometer Property in British Columbia the Porcupine Property and Nepisiguit Property in New Brunswick.

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