Quebec Rare Earth Elements (XCNQ:QREE) ROCE % : -7.58% (As of Jan. 2024)

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What is Quebec Rare Earth Elements 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. Quebec Rare Earth Elements's annualized ROCE % for the quarter that ended in Jan. 2024 was -7.58%.

Quebec Rare Earth Elements ROCE % Historical Data

The historical data trend for Quebec Rare Earth Elements'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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Quebec Rare Earth Elements ROCE % Chart

Quebec Rare Earth Elements Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

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-196.22

-37.02

-40.26

-35.31

-147.55

Quebec Rare Earth Elements 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															-5.79	-579.98	-5.43	-2.78	-7.58

Quebec Rare Earth Elements ROCE % Calculation

Quebec Rare Earth Elements's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	-8.749	/	( ( (8.994 - 0.161)	+	(3.162 - 0.136) )	/ 2 )
	=	-8.749	/	( (8.833	+	3.026)	/ 2 )
	=	-8.749	/	5.9295
	=	-147.55 %

Quebec Rare Earth Elements'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 )
	=	-0.324	/	( ( (4.404 - 0.097)	+	(4.375 - 0.134) )	/ 2 )
	=	-0.324	/	( ( 4.307	+	4.241 )	/ 2 )
	=	-0.324	/	4.274
	=	-7.58 %

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

Quebec Rare Earth Elements (XCNQ:QREE) 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.

Quebec Rare Earth Elements ROCE % Related Terms

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Quebec Rare Earth Elements (XCNQ:QREE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Quebec Rare Earth Elements Corp (XCNQ:QREE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

QQREF:USA 41K:Germany

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

https://www.metallica-metals.com

Quebec Rare Earth Elements Corp is a junior exploration company targeting gold, silver, platinum, and palladium in some of the most active exploration districts in Canada. Its flagship asset, the Starr Project, is host to multiple high-grade gold and silver discoveries that have been identified through trenching, bulk sampling, and diamond drilling. In addition, the company is one of the landholders in the rapidly advancing Marathon/Thunder Bay North area mining districts where Generation Mining and Clean Air Metals are advancing their sizable high grade platinum-palladium +/- copper-nickel-silver-gold projects. The company also holds sizable land positions in British Columbia's Golden Triangle.

Executives

John Warren Jentz

10% Security Holder, Director