QMC Quantum Minerals (TSXV:QMC) ROCE % : -11.07% (As of Feb. 2024)

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What is QMC Quantum 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. QMC Quantum Minerals's annualized ROCE % for the quarter that ended in Feb. 2024 was -11.07%.

QMC Quantum Minerals ROCE % Historical Data

The historical data trend for QMC Quantum 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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QMC Quantum Minerals ROCE % Chart

QMC Quantum Minerals Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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-49.14

-24.90

-94.35

-10.64

-10.00

QMC Quantum Minerals Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-10.93	-9.36	-10.31	-6.24	-11.07

QMC Quantum Minerals ROCE % Calculation

QMC Quantum Minerals's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-0.328	/	( ( (5.703 - 2.439)	+	(6.151 - 2.858) )	/ 2 )
	=	-0.328	/	( (3.264	+	3.293)	/ 2 )
	=	-0.328	/	3.2785
	=	-10.00 %

QMC Quantum Minerals'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 )
	=	-0.372	/	( ( (6.163 - 2.921)	+	(6.406 - 2.928) )	/ 2 )
	=	-0.372	/	( ( 3.242	+	3.478 )	/ 2 )
	=	-0.372	/	3.36
	=	-11.07 %

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

QMC Quantum Minerals (TSXV:QMC) 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.

QMC Quantum Minerals ROCE % Related Terms

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QMC Quantum Minerals (TSXV:QMC) Business Description

Industry

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

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QMCQF:USA

Address

755 Burrard Street, Suite 440, Vancouver, BC, CAN, V6Z 1X6

Website

https://www.qmcminerals.com

QMC Quantum Minerals Corp is a company engaged in the acquisition, exploration and development of resource properties. Its objective is to acquire, locate and develop economic deposits within the company's precious, base, rare metal resource properties of merit. The company's properties include the Irgon Lithium Mine Project, the Rocky Lake property, Rocky-Namew and Namew Lake properties.

Executives

Edward Low

Director, Senior Officer

QMC Quantum Minerals (TSXV:QMC) Headlines

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