Eskay Mining (TSXV:ESK) ROCE % : -72.59% (As of Nov. 2023)

View and export this data going back to 1989. Start your Free Trial

What is Eskay Mining 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. Eskay Mining's annualized ROCE % for the quarter that ended in Nov. 2023 was -72.59%.

Eskay Mining ROCE % Historical Data

The historical data trend for Eskay Mining'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.

* Premium members only.

Eskay Mining ROCE % Chart

Eskay Mining Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

ROCE %

Get a 7-Day Free Trial

-276.41

-231.45

-322.98

Eskay Mining Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial															-190.38	-162.56	-80.23	205.22	-72.59

Eskay Mining ROCE % Calculation

Eskay Mining's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	-19.316	/	( ( (8.481 - 2.925)	+	(9.515 - 3.11) )	/ 2 )
	=	-19.316	/	( (5.556	+	6.405)	/ 2 )
	=	-19.316	/	5.9805
	=	-322.98 %

Eskay Mining's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	-6.408	/	( ( (11.104 - 1.576)	+	(8.209 - 0.081) )	/ 2 )
	=	-6.408	/	( ( 9.528	+	8.128 )	/ 2 )
	=	-6.408	/	8.828
	=	-72.59 %

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

Eskay Mining (TSXV:ESK) 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.

Eskay Mining ROCE % Related Terms

Thank you for viewing the detailed overview of Eskay Mining's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Eskay Mining (TSXV:ESK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eskay Mining Corp (TSXV:ESK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ESKYF:USA

Address

82 Richmond Street East, The Canadian Venture Building, Toronto, ON, CAN, M5C 1P1

Website

http://www.eskaymining.com

Eskay Mining Corp is engaged in the acquisition and exploration of mineral properties in British Columbia, Canada. The company holds an interest in St. Andrew Goldfield (SIB) - Eskay Project and Corey Mineral Claims. Its operations comprise a single reporting operating segment engaged in Mineral Exploration in Canada.

Executives

Hugh Mclellan Balkam

Director

Eskay Mining (TSXV:ESK) Headlines

No Headlines