Arras Minerals (TSXV:ARK) ROCE % : -59.74% (As of Jan. 2024)

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What is Arras Minerals 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. Arras Minerals's annualized ROCE % for the quarter that ended in Jan. 2024 was -59.74%.

Arras Minerals ROCE % Historical Data

The historical data trend for Arras Minerals'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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Arras Minerals ROCE % Chart

Arras Minerals Annual Data

Trend

Oct21

Oct22

Oct23

ROCE %

-90.00

-98.54

Arras Minerals Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial							-85.11	-67.34	-78.44	-72.56	-59.74

Arras Minerals ROCE % Calculation

Arras Minerals's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-7.991	/	( ( (9.105 - 0.793)	+	(8.803 - 0.897) )	/ 2 )
	=	-7.991	/	( (8.312	+	7.906)	/ 2 )
	=	-7.991	/	8.109
	=	-98.54 %

Arras Minerals'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 )
	=	-4.752	/	( ( (8.803 - 0.897)	+	(9.423 - 1.419) )	/ 2 )
	=	-4.752	/	( ( 7.906	+	8.004 )	/ 2 )
	=	-4.752	/	7.955
	=	-59.74 %

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

Arras Minerals (TSXV:ARK) 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.

Arras Minerals ROCE % Related Terms

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Arras Minerals (TSXV:ARK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arras Minerals Corp (TSXV:ARK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ARRKF:USA

Address

777 Dunsmuir Street, Suite 1605, PO Box 10414, Vancouver, BC, CAN, V7Y 1K4

Website

https://www.arrasminerals.com

Arras Minerals Corp is engaged in the acquisition, exploration, and development of mineral property interests. The company's assets consist of the option to acquire a 100% interest in the Beskauga property (Beskauga) in Kazakhstan. It engages in advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project.

Executives

Darren Ervin Charles Klinck

Senior Officer

Arras Minerals (TSXV:ARK) Headlines

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