Hercules Resources (XCNQ:HERC) ROCE % : -106.60% (As of Dec. 2023)

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What is Hercules 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. Hercules Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -106.60%.

Hercules Resources ROCE % Historical Data

The historical data trend for Hercules 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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Hercules Resources ROCE % Chart

Hercules Resources Annual Data

Trend

Sep22

Sep23

ROCE %

-40.59

-88.51

Hercules Resources Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial				-57.55	-91.39	-38.10	-202.04	-106.60

Hercules Resources ROCE % Calculation

Hercules Resources's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-0.339	/	( ( (0.384 - 0.081)	+	(0.515 - 0.052) )	/ 2 )
	=	-0.339	/	( (0.303	+	0.463)	/ 2 )
	=	-0.339	/	0.383
	=	-88.51 %

Hercules 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 )
	=	-0.444	/	( ( (0.515 - 0.052)	+	(0.438 - 0.068) )	/ 2 )
	=	-0.444	/	( ( 0.463	+	0.37 )	/ 2 )
	=	-0.444	/	0.4165
	=	-106.60 %

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

Hercules Resources (XCNQ:HERC) 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.

Hercules Resources ROCE % Related Terms

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Hercules Resources (XCNQ:HERC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hercules Resources Corp (XCNQ:HERC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1130 Pender Street West, Suite 820, Vancouver, BC, CAN, V6E 4A4

Website

Hercules Resources Corp is a mineral exploration company involved in the identification, acquisition, and exploration of mineral properties located in British Columbia. The company is exploring copper. The firm holds interest in MP Copper Project.

Executives

Alan Shui Yan Tam

Director