E-Tech Resources (TSXV:REE) ROCE % : -13.90% (As of Dec. 2023)

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What is E-Tech Resources 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. E-Tech Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -13.90%.

E-Tech Resources ROCE % Historical Data

The historical data trend for E-Tech Resources'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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E-Tech Resources ROCE % Chart

E-Tech Resources Annual Data

Trend

Apr18

Apr19

Apr20

Apr21

Mar22

Mar23

ROCE %

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-14.06

-4.64

-43.45

-258.64

-23.55

E-Tech Resources Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-18.88	-24.17	-19.39	-18.06	-13.90

E-Tech Resources ROCE % Calculation

E-Tech Resources'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 )
	=	-1.181	/	( ( (5.812 - 0.4)	+	(4.983 - 0.365) )	/ 2 )
	=	-1.181	/	( (5.412	+	4.618)	/ 2 )
	=	-1.181	/	5.015
	=	-23.55 %

E-Tech Resources'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 )
	=	-0.676	/	( ( (5.372 - 0.44)	+	(5.235 - 0.437) )	/ 2 )
	=	-0.676	/	( ( 4.932	+	4.798 )	/ 2 )
	=	-0.676	/	4.865
	=	-13.90 %

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

E-Tech Resources (TSXV:REE) 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.

E-Tech Resources ROCE % Related Terms

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