Oroco Resource (TSXV:OCO) ROCE % : -4.97% (As of Feb. 2024)

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What is Oroco Resource 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. Oroco Resource's annualized ROCE % for the quarter that ended in Feb. 2024 was -4.97%.

Oroco Resource ROCE % Historical Data

The historical data trend for Oroco Resource'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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Oroco Resource ROCE % Chart

Oroco Resource Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

May20

May21

May22

ROCE %

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-52.70

-50.03

-14.15

-12.84

-13.74

Oroco Resource Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-8.11	-6.34	-3.22	-3.33	-4.97

Oroco Resource ROCE % Calculation

Oroco Resource's annualized ROCE % for the fiscal year that ended in May. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2022 )		(A: May. 2021 )		(A: May. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2022 )		(A: May. 2021 )		(A: May. 2022 )
	=	-8.743	/	( ( (54.929 - 1.186)	+	(77.595 - 4.084) )	/ 2 )
	=	-8.743	/	( (53.743	+	73.511)	/ 2 )
	=	-8.743	/	63.627
	=	-13.74 %

Oroco Resource's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-4.02	/	( ( (83.374 - 3.136)	+	(83.83 - 2.159) )	/ 2 )
	=	-4.02	/	( ( 80.238	+	81.671 )	/ 2 )
	=	-4.02	/	80.9545
	=	-4.97 %

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

Oroco Resource (TSXV:OCO) 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.

Oroco Resource ROCE % Related Terms

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Oroco Resource (TSXV:OCO) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Oroco Resource Corp (TSXV:OCO) » Definitions » ROCE %

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ORRCF:USA OR6:Germany

Address

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

Website

https://www.orocoresourcecorp.com

Oroco Resource Corp is an exploration-stage mineral company engaged in the acquisition, exploration, and development of mineral properties in Mexico with a primary focus on its Xochipala property in Guerrero State, Mexico. Its exploration and evaluation assets consist of the Santo Tomas properties in Sinaloa State and Xochipala & Salvador properties in Guerrero State, Mexico.

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