Fidelity Minerals (TSXV:FMN) ROCE % : -6.61% (As of Jan. 2024)

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What is Fidelity 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. Fidelity Minerals's annualized ROCE % for the quarter that ended in Jan. 2024 was -6.61%.

Fidelity Minerals ROCE % Historical Data

The historical data trend for Fidelity 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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Fidelity Minerals ROCE % Chart

Fidelity Minerals Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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-82.56

-22.24

-17.52

-23.93

-18.64

Fidelity Minerals Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-12.82	-38.98	-11.85	-9.54	-6.61

Fidelity Minerals ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	-1.049	/	( ( (6.433 - 0.346)	+	(6.325 - 1.157) )	/ 2 )
	=	-1.049	/	( (6.087	+	5.168)	/ 2 )
	=	-1.049	/	5.6275
	=	-18.64 %

Fidelity 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 )
	=	-0.332	/	( ( (6.357 - 1.292)	+	(6.452 - 1.47) )	/ 2 )
	=	-0.332	/	( ( 5.065	+	4.982 )	/ 2 )
	=	-0.332	/	5.0235
	=	-6.61 %

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

Fidelity Minerals (TSXV:FMN) 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.

Fidelity Minerals ROCE % Related Terms

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Fidelity Minerals (TSXV:FMN) Business Description

Industry

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

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SAIDF:USA

Address

1166 Alberni Street, Suite 1201, Vancouver, BC, CAN, V6E 3Z3

Website

https://www.fidelityminerals.com

Fidelity Minerals Corp is a mineral exploration company focused on mining assets in Peru. The projects of the company include Las Huaquillas, Porphyritic Copper Project, Cerro El Bronce, and Greensands Project. The other projects of the company include Las Brujas and some projects in the pipeline. The Company operates in two operating segments in two countries, with corporate in Canada and exploration in Peru and Australia.

Executives

Lions Bay Capital Inc.

10% Security Holder