Valhalla Metals (TSXV:VMXX) ROCE % : -183.22% (As of Dec. 2023)

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What is Valhalla 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. Valhalla Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was -183.22%.

Valhalla Metals ROCE % Historical Data

The historical data trend for Valhalla 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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Valhalla Metals ROCE % Chart

Valhalla Metals Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-4.42

-132.14

-105.07

Valhalla Metals Quarterly Data
	Sep21	Dec21	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			-263.60	-56.49	-8.99	-150.87	-183.22

Valhalla Metals ROCE % Calculation

Valhalla Metals'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 )
	=	-7.227	/	( ( (11.968 - 0.499)	+	(2.495 - 0.207) )	/ 2 )
	=	-7.227	/	( (11.469	+	2.288)	/ 2 )
	=	-7.227	/	6.8785
	=	-105.07 %

Valhalla Metals's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-7.576	/	( ( (6.343 - 0.361)	+	(2.495 - 0.207) )	/ 2 )
	=	-7.576	/	( ( 5.982	+	2.288 )	/ 2 )
	=	-7.576	/	4.135
	=	-183.22 %

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

Valhalla Metals (TSXV:VMXX) 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.

Valhalla Metals ROCE % Related Terms

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Valhalla Metals (TSXV:VMXX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

VMXXF:USA

Address

595 Howe Street, 10th Floor, Vancouver, BC, CAN, V6C 2T5

Website

Valhalla Metals Inc is a private exploration company based in Fairbanks, Alaska. It currently holds exploration projects concentrated in the Ambler Mining District of Alaska in the Brooks Range of NW Alaska, including the Sun and Smucker VMS Projects.

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