High Tide Resources (XCNQ:HTRC) ROCE % : 0.00% (As of Dec. 2023)

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What is High Tide 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. High Tide Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

High Tide Resources ROCE % Historical Data

The historical data trend for High Tide 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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High Tide Resources ROCE % Chart

High Tide Resources Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

-40.43

-303.85

-479.29

High Tide Resources Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial							-340.07	-223.10	-670.27	-	-

High Tide Resources ROCE % Calculation

High Tide Resources's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-1.62	/	( ( (1.685 - 1.06)	+	(0.454 - 0.403) )	/ 2 )
	=	-1.62	/	( (0.625	+	0.051)	/ 2 )
	=	-1.62	/	0.338
	=	-479.29 %

High Tide 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 )
	=	-0.404	/	( ( (0.282 - 0.41)	+	(0.157 - 0.322) )	/ 2 )
	=	-0.404	/	( ( -0.128	+	-0.165 )	/ 2 )
	=	-0.404	/	-0.1465
	=	0 %

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

High Tide Resources (XCNQ:HTRC) 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.

High Tide Resources ROCE % Related Terms

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High Tide Resources (XCNQ:HTRC) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

110 Yonge Street, Suite 1601, Toronto, ON, CAN, M5C 1T4

Website

https://www.hightideresources.com

High Tide Resources Corp is focused on the development of advanced-stage mineral projects in Canada. The company owns a 100% interest in the Labrador West Iron Project located adjacent to the Carol Lake Mine in Labrador City, NF and owns a 100% interest in the Lac Pegma copper-nickel-cobalt deposit located approximately 50 kilometres southeast of Fermont. The Company operates in a single reportable operating segment, namely the acquisition, exploration and development of mineral exploration projects.

Executives

Michael T. Zurowski

Senior Officer

High Tide Resources (XCNQ:HTRC) Headlines

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