Q2 Metals (TSXV:QTWO) ROCE % : 10.23% (As of Nov. 2023)

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What is Q2 Metals 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. Q2 Metals's annualized ROCE % for the quarter that ended in Nov. 2023 was 10.23%.

Q2 Metals ROCE % Historical Data

The historical data trend for Q2 Metals'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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Q2 Metals ROCE % Chart

Q2 Metals Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

ROCE %

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-143.33

-11.56

-33.44

-87.36

-17.21

Q2 Metals Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial															-19.60	-10.50	-51.08	-1.32	10.23

Q2 Metals ROCE % Calculation

Q2 Metals'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 )
	=	-1.897	/	( ( (4.783 - 0.202)	+	(19.362 - 1.903) )	/ 2 )
	=	-1.897	/	( (4.581	+	17.459)	/ 2 )
	=	-1.897	/	11.02
	=	-17.21 %

Q2 Metals'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 )
	=	2.58	/	( ( (26.063 - 1.714)	+	(29.039 - 2.969) )	/ 2 )
	=	2.58	/	( ( 24.349	+	26.07 )	/ 2 )
	=	2.58	/	25.2095
	=	10.23 %

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

Q2 Metals (TSXV:QTWO) 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.

Q2 Metals ROCE % Related Terms

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Q2 Metals (TSXV:QTWO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Q2 Metals Corp (TSXV:QTWO) » Definitions » ROCE %

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QUEXF:USA 458:Germany

Address

409 Granville Street, Suite 904, Vancouver, BC, CAN, V6C1T2

Website

https://www.q2metals.com

Q2 Metals Corp is a mineral exploration and development company focused on gold discoveries in the historic mining districts of Queensland Australia. The company is advancing the drill-ready Big Hills Gold Project in South-East Queensland, Australia. The company operates in a single reportable operating segment, the acquisition, exploration and development of base and precious metals including zinc, silver and gold projects in Canada and the United States.

Executives