First American Uranium (XCNQ:URM) ROCE % : -143.32% (As of Dec. 2023)

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What is First American Uranium 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. First American Uranium's annualized ROCE % for the quarter that ended in Dec. 2023 was -143.32%.

First American Uranium ROCE % Historical Data

The historical data trend for First American Uranium'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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First American Uranium ROCE % Chart

First American Uranium Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-197.48

-26.05

-132.30

First American Uranium Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial							-26.45	-81.10	-73.28	-100.38	-143.32

First American Uranium ROCE % Calculation

First American Uranium's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-1.665	/	( ( (1.449 - 0.133)	+	(1.534 - 0.333) )	/ 2 )
	=	-1.665	/	( (1.316	+	1.201)	/ 2 )
	=	-1.665	/	1.2585
	=	-132.30 %

First American Uranium'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 )
	=	-2.048	/	( ( (2.058 - 0.401)	+	(1.534 - 0.333) )	/ 2 )
	=	-2.048	/	( ( 1.657	+	1.201 )	/ 2 )
	=	-2.048	/	1.429
	=	-143.32 %

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

First American Uranium (XCNQ:URM) 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.

First American Uranium ROCE % Related Terms

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First American Uranium (XCNQ:URM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First American Uranium Inc (XCNQ:URM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FAUMF:USA I0R:Germany

Address

1500, 1055 West Georgia Street, Vancouver, BC, CAN, V6E 4N7

Website

https://www.prosperityex.ca

First American Uranium Inc.. is engaged in the identification, acquisition, and exploration of mineral properties. The Company focuses on locating and developing economic precious and base metal properties of merit and conducting exploration programs on the Silver Lake and Red Basin Properties.

Executives

Tom Mccandless

Director

First American Uranium (XCNQ:URM) Headlines

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