York Harbour Metals (TSXV:YORK) ROCE % : -11.57% (As of Oct. 2023)

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What is York Harbour 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. York Harbour Metals's annualized ROCE % for the quarter that ended in Oct. 2023 was -11.57%.

York Harbour Metals ROCE % Historical Data

The historical data trend for York Harbour 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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York Harbour Metals ROCE % Chart

York Harbour Metals Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

ROCE %

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-66.16

-36.85

York Harbour Metals Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
ROCE %	Get a 7-Day Free Trial															-12.41	-47.68	-17.24	-19.07	-11.57

York Harbour Metals ROCE % Calculation

York Harbour Metals's annualized ROCE % for the fiscal year that ended in Jan. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	-4.492	/	( ( (6.802 - 0.816)	+	(18.898 - 0.506) )	/ 2 )
	=	-4.492	/	( (5.986	+	18.392)	/ 2 )
	=	-4.492	/	12.189
	=	-36.85 %

York Harbour Metals's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	-1.936	/	( ( (17.205 - 0.352)	+	(16.768 - 0.159) )	/ 2 )
	=	-1.936	/	( ( 16.853	+	16.609 )	/ 2 )
	=	-1.936	/	16.731
	=	-11.57 %

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

York Harbour Metals (TSXV:YORK) 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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York Harbour Metals (TSXV:YORK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » York Harbour Metals Inc (TSXV:YORK) » Definitions » ROCE %

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YORKF:USA 5DE:Germany

Address

800 West Pender Street, Suite 1518, Vancouver, BC, CAN, V6C 2V6

Website

https://www.yorkharbourmetals.com

York Harbour Metals Inc is an exploration and development company focused on the York Harbour Copper-Zinc Project, a past-producing mine located approximately 27 km from Corner Brook, Newfoundland. It also has an interest in Phoenix Gold Properties. The firm operates in single segments.

Executives

Blair Lawrence Naughty

Director or Senior Officer of 10% Security Holder