Reflex Advanced Materials (XCNQ:RFLX) ROCE % : -383.65% (As of Oct. 2023)

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What is Reflex Advanced Materials 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. Reflex Advanced Materials's annualized ROCE % for the quarter that ended in Oct. 2023 was -383.65%.

Reflex Advanced Materials ROCE % Historical Data

The historical data trend for Reflex Advanced Materials'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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Reflex Advanced Materials ROCE % Chart

Reflex Advanced Materials Annual Data

Trend

Jan22

Jan23

ROCE %

-5.24

-162.94

Reflex Advanced Materials Quarterly Data
	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
ROCE %	Get a 7-Day Free Trial				-77.58	-334.39	-197.01	-328.32	-383.65

Reflex Advanced Materials ROCE % Calculation

Reflex Advanced Materials's annualized ROCE % for the fiscal year that ended in Jan. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	-2.22	/	( ( (0.577 - 0.005)	+	(2.297 - 0.144) )	/ 2 )
	=	-2.22	/	( (0.572	+	2.153)	/ 2 )
	=	-2.22	/	1.3625
	=	-162.94 %

Reflex Advanced Materials's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	-7.884	/	( ( (2.63 - 0.067)	+	(2.125 - 0.578) )	/ 2 )
	=	-7.884	/	( ( 2.563	+	1.547 )	/ 2 )
	=	-7.884	/	2.055
	=	-383.65 %

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

Reflex Advanced Materials (XCNQ:RFLX) 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.

Reflex Advanced Materials ROCE % Related Terms

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Reflex Advanced Materials (XCNQ:RFLX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Reflex Advanced Materials Corp (XCNQ:RFLX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

RFLXF:USA HF2:Germany

Address

905 West Pender Street, 6th Floor, Vancouver, BC, CAN, V6C 1L6

Website

https://www.reflexmaterials.com

Reflex Advanced Materials Corp is engaged in the business of mineral exploration in Canada. The company is working to advance its ZigZag Lake Lithium Property, located in Thunder Bay Mining Division, Crescent Lake Area, Ontario, Canada.

Executives

Dave Bowen

10% Security Holder, Deemed Insider - 6 Months before becoming Insider, Director, Senior Officer

Reflex Advanced Materials (XCNQ:RFLX) Headlines

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