First Helium (TSXV:HELI) ROCE % : -18.13% (As of Dec. 2023)

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What is First Helium 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. First Helium's annualized ROCE % for the quarter that ended in Dec. 2023 was -18.13%.

First Helium ROCE % Historical Data

The historical data trend for First Helium'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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First Helium ROCE % Chart

First Helium Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

-64.72

-5.88

-3.01

-16.74

First Helium Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial											-9.42	-59.98	-22.27	-17.92	-18.13

First Helium ROCE % Calculation

First Helium'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 )
	=	-2.783	/	( ( (20.311 - 2.645)	+	(17.066 - 1.483) )	/ 2 )
	=	-2.783	/	( (17.666	+	15.583)	/ 2 )
	=	-2.783	/	16.6245
	=	-16.74 %

First Helium'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 )
	=	-2.86	/	( ( (16.702 - 0.638)	+	(16.637 - 1.157) )	/ 2 )
	=	-2.86	/	( ( 16.064	+	15.48 )	/ 2 )
	=	-2.86	/	15.772
	=	-18.13 %

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

First Helium (TSXV:HELI) 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.

First Helium ROCE % Related Terms

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First Helium (TSXV:HELI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » First Helium Inc (TSXV:HELI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FHELF:USA 2MC:Germany

Address

800 West Pender Street, Suite 550, Vancouver, BC, CAN, V6C 2V6

Website

https://www.firsthelium.com

First Helium Inc is a Canadian company. The business is engaged in acquiring, exploring, evaluating, and developing helium property interests in Alberta. The company also produces Petroleum and natural gas as part of its operations. Its project includes the Worsley project and the Lethbridge project.

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