Eagle Royalties (XCNQ:ER) ROCE % : -97.02% (As of Dec. 2023)

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What is Eagle Royalties 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. Eagle Royalties's annualized ROCE % for the quarter that ended in Dec. 2023 was -97.02%.

Eagle Royalties ROCE % Historical Data

The historical data trend for Eagle Royalties'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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Eagle Royalties ROCE % Chart

Eagle Royalties Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-97.02

Eagle Royalties Semi-Annual Data
	Dec21	Dec22	Dec23
ROCE %	-	-	-97.02

Eagle Royalties ROCE % Calculation

Eagle Royalties'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 )
	=	-0.668	/	( ( (0.109 - 0.317)	+	(2.172 - 0.587) )	/ 2 )
	=	-0.668	/	( (-0.208	+	1.585)	/ 2 )
	=	-0.668	/	0.6885
	=	-97.02 %

Eagle Royalties'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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	-0.668	/	( ( (0.109 - 0.317)	+	(2.172 - 0.587) )	/ 2 )
	=	-0.668	/	( ( -0.208	+	1.585 )	/ 2 )
	=	-0.668	/	0.6885
	=	-97.02 %

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

Eagle Royalties (XCNQ:ER) 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.

Eagle Royalties ROCE % Related Terms

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Eagle Royalties (XCNQ:ER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eagle Royalties Ltd (XCNQ:ER) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ERYTF:USA

Address

44 – 12th Avenue South, Suite 200, Cranbrook, BC, CAN, V1C 2R7

Website

https://www.eagleroyalties.com

Eagle Royalties Ltd manages royalty assets. The firm holds royalty interests on over 40 mineral exploration projects in western Canada. These projects are being explored for commodities that include gold, silver, critical metals, uranium, rare-earth elements, diamonds, and industrial minerals.

Executives

Timothy Jay Termuende	Director, Senior Officer
Jesse Campbell	Director

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