O3 Mining (TSXV:OIII) ROCE % : -7.92% (As of Mar. 2024)

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What is O3 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. O3 Mining's annualized ROCE % for the quarter that ended in Mar. 2024 was -7.92%.

O3 Mining ROCE % Historical Data

The historical data trend for O3 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.

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O3 Mining ROCE % Chart

O3 Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.58

3.36

12.55

-0.39

-12.97

O3 Mining Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															4.09	-1.63	-1.69	-52.02	-7.92

O3 Mining ROCE % Calculation

O3 Mining'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 )
	=	-33.819	/	( ( (269.535 - 4.521)	+	(261.887 - 5.526) )	/ 2 )
	=	-33.819	/	( (265.014	+	256.361)	/ 2 )
	=	-33.819	/	260.6875
	=	-12.97 %

O3 Mining's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-20.072	/	( ( (261.887 - 5.526)	+	(257.306 - 6.628) )	/ 2 )
	=	-20.072	/	( ( 256.361	+	250.678 )	/ 2 )
	=	-20.072	/	253.5195
	=	-7.92 %

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

O3 Mining (TSXV:OIII) 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.

O3 Mining ROCE % Related Terms

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O3 Mining (TSXV:OIII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » O3 Mining Inc (TSXV:OIII) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

OIIIF:USA 15A:Germany

Address

155 University Avenue, Suite 1440, Toronto, ON, CAN, M5H 3B7

Website

https://www.o3mining.ca

O3 Mining Inc is a Canadian mineral exploration company. It is engaged in the business of acquiring, exploring, and developing precious mineral deposits in Canada. The firm's property portfolio consists of Cadillac Break Properties, Marban Property, Alpha Property, Wydee Gold Property, and Matachewan Property.

Executives

Louis Gariepy	Senior Officer
Jose Vizquerra	Director, Director or Senior Officer of 10% Security Holder, Senior Officer

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