Global Atomic (TSX:GLO) ROCE % : -9.80% (As of Dec. 2023)

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What is Global Atomic 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. Global Atomic's annualized ROCE % for the quarter that ended in Dec. 2023 was -9.80%.

Global Atomic ROCE % Historical Data

The historical data trend for Global Atomic'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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Global Atomic ROCE % Chart

Global Atomic Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-7.74

-6.91

-5.79

-9.39

-7.10

Global Atomic Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-12.20	-8.34	-4.19	-3.63	-9.80

Global Atomic ROCE % Calculation

Global Atomic'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 )
	=	-9.585	/	( ( (110.256 - 6.842)	+	(177.599 - 10.834) )	/ 2 )
	=	-9.585	/	( (103.414	+	166.765)	/ 2 )
	=	-9.585	/	135.0895
	=	-7.10 %

Global Atomic'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 )
	=	-15.62	/	( ( (158.221 - 6.059)	+	(177.599 - 10.834) )	/ 2 )
	=	-15.62	/	( ( 152.162	+	166.765 )	/ 2 )
	=	-15.62	/	159.4635
	=	-9.80 %

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

Global Atomic (TSX:GLO) 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.

Global Atomic ROCE % Related Terms

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Global Atomic (TSX:GLO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Global Atomic Corp (TSX:GLO) » Definitions » ROCE %

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GLATF:USA G12:Germany G12:Germany

Address

8 King Street East, Suite 1700, Toronto, ON, CAN, M5C 1B5

Website

https://www.globalatomiccorp.com

Global Atomic Corp is a Canadian-based company that operates along with its subsidiaries. Its business activities include processing of electric arc furnace dust (EAFD) obtained from steel companies in Turkey, through a Waelz kiln process to recover zinc concentrates that are then treated by zinc smelters; and acquisition, exploration, and development of uranium properties in Niger. It has two segments the Uranium Business and the EAFD Business. The majority of its revenue comes from its EAFD business.