Fulcrum Metals (LSE:FMET) ROCE % : -15.58% (As of Sep. 2023)

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What is Fulcrum Metals 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. Fulcrum Metals's annualized ROCE % for the quarter that ended in Sep. 2023 was -15.58%.

Fulcrum Metals ROCE % Historical Data

The historical data trend for Fulcrum Metals'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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Fulcrum Metals ROCE % Chart

Fulcrum Metals Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-9.58

-126.53

-66.42

Fulcrum Metals Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Sep23
ROCE %	Get a 7-Day Free Trial			-	-14.56	-24.39	-197.09	-15.58

Fulcrum Metals ROCE % Calculation

Fulcrum Metals'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 )
	=	-1.672	/	( ( (1.281 - 0.66)	+	(4.549 - 0.135) )	/ 2 )
	=	-1.672	/	( (0.621	+	4.414)	/ 2 )
	=	-1.672	/	2.5175
	=	-66.42 %

Fulcrum Metals's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Dec. 2022 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Dec. 2022 )		(Q: Sep. 2023 )
	=	-0.708	/	( ( (1.281 - 0.66)	+	(4.644 - 0.099) )	/ 2 )
	=	-0.708	/	( ( 0.621	+	4.545 )	/ 2 )
	=	-0.708	/	2.583
	=	-27.41 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Fulcrum Metals (LSE:FMET) 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.

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Fulcrum Metals (LSE:FMET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fulcrum Metals Plc (LSE:FMET) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

J2M:Germany

Address

Corrig Road, Paramount Court, Sandyford Business Park, Dublin, IRL, D18 R9C7

Website

https://www.fulcrummetals.com

Fulcrum Metals Plc is a multi-commodity minerals exploration company. Its project portfolio comprises of six gold and base metal projects in Ontario totalling 252km, covering the Schreiber-Hemlo, Wawa, Winston Lake and Dayohessarah Greenstone Belts, and two uranium and gold projects in the Northern Athabasca Basin region of Saskatchewan totalling 136km.