Flow Metals (XCNQ:FWM) ROCE % : -56.06% (As of Jan. 2024)

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What is Flow 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. Flow Metals's annualized ROCE % for the quarter that ended in Jan. 2024 was -56.06%.

Flow Metals ROCE % Historical Data

The historical data trend for Flow 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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Flow Metals ROCE % Chart

Flow Metals Annual Data

Trend

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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-44.66

-32.94

-114.02

-83.32

-84.16

Flow Metals 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															-54.01	-38.06	-116.07	1.67	-56.06

Flow Metals ROCE % Calculation

Flow Metals's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	-0.364	/	( ( (0.66 - 0.274)	+	(0.768 - 0.289) )	/ 2 )
	=	-0.364	/	( (0.386	+	0.479)	/ 2 )
	=	-0.364	/	0.4325
	=	-84.16 %

Flow Metals'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 )
	=	-0.252	/	( ( (0.713 - 0.232)	+	(0.677 - 0.259) )	/ 2 )
	=	-0.252	/	( ( 0.481	+	0.418 )	/ 2 )
	=	-0.252	/	0.4495
	=	-56.06 %

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

Flow Metals (XCNQ:FWM) 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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Flow Metals (XCNQ:FWM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Flow Metals Corp (XCNQ:FWM) » Definitions » ROCE %

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N/A

Address

1111 Melville Street, 11th Floor, Vancouver, BC, CAN, V6E 3V6

Website

https://www.flowmetals.com

Flow Metals Corp is a junior mineral exploration company focused on gold exploration projects in Canada. Its projects include Ashuanipi Gold Property in Quebec, New Brenda Property in British Columbia, and Sixty Mile Property in Yukon Territory. The Company operates in one reportable operating segment, the acquisition and exploration of mineral properties in Canada.

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