Vantex Resources (TSXV:VAX) ROCE % : -43.64% (As of Oct. 2023)

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What is Vantex Resources 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. Vantex Resources's annualized ROCE % for the quarter that ended in Oct. 2023 was -43.64%.

Vantex Resources ROCE % Historical Data

The historical data trend for Vantex Resources'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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Vantex Resources ROCE % Chart

Vantex Resources Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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-4.04

-7.03

-18.95

-22.58

-26.43

Vantex Resources Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
ROCE %	Get a 7-Day Free Trial															-24.04	-15.41	-19.74	-24.15	-43.64

Vantex Resources ROCE % Calculation

Vantex Resources's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-0.282	/	( ( (1.588 - 0.338)	+	(1.355 - 0.471) )	/ 2 )
	=	-0.282	/	( (1.25	+	0.884)	/ 2 )
	=	-0.282	/	1.067
	=	-26.43 %

Vantex Resources's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	-0.424	/	( ( (1.441 - 0.382)	+	(1.355 - 0.471) )	/ 2 )
	=	-0.424	/	( ( 1.059	+	0.884 )	/ 2 )
	=	-0.424	/	0.9715
	=	-43.64 %

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

Vantex Resources (TSXV:VAX) 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.

Vantex Resources ROCE % Related Terms

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Vantex Resources (TSXV:VAX) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vantex Resources Ltd (TSXV:VAX) » Definitions » ROCE %

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VANTF:USA

Address

400 - 837 West Hastings Street, Vancouver, BC, CAN, V6C3N6

Website

https://www.vantexresources.com

Vantex Resources Ltd is a Canadian company that is engaged in the acquisition, exploration, and development of mining properties. The company owns an interest in the Galloway project which includes several properties Hurd, Ogima North, Sandborn, Perron, Francoeur, Cadillac Rang III and Renault Bay among others.

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