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Valleyview Resources (TSXV:VVR) ROCE % : -89.39% (As of Feb. 2024)


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What is Valleyview 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. Valleyview Resources's annualized ROCE % for the quarter that ended in Feb. 2024 was -89.39%.

Valleyview Resources ROCE % Historical Data

The historical data trend for Valleyview 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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Valleyview Resources ROCE % Chart

Valleyview Resources Annual Data
Trend May22 May23
ROCE %
- -32.86

Valleyview Resources Quarterly Data
Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
ROCE % Get a 7-Day Free Trial - -62.96 -156.52 -98.74 -89.39

Valleyview Resources ROCE % Calculation

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

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: May. 2023 )  (A: May. 2022 )(A: May. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: May. 2023 )  (A: May. 2022 )(A: May. 2023 )
=-0.035/( ( (0 - 0.003) + (0.263 - 0.047) )/ 2 )
=-0.035/( (-0.003+0.216)/ 2 )
=-0.035/0.1065
=-32.86 %

Valleyview Resources'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 )
=-0.16/( ( (0.317 - 0.118) + (0.248 - 0.089) )/ 2 )
=-0.16/( ( 0.199 + 0.159 )/ 2 )
=-0.16/0.179
=-89.39 %

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

* 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.

Valleyview Resources  (TSXV:VVR) 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.

Valleyview Resources ROCE % Related Terms

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Valleyview Resources (TSXV:VVR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Valleyview Resources Ltd (TSXV:VVR) » Definitions » ROCE %
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Traded in Other Exchanges
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Address
503 - 905 West Pender Street, Vancouver, BC, CAN, V6C 1L6
Website
Valleyview Resources Ltd is a mineral resource company engaged in the identification, acquisition and exploration of mineral properties primarily in the Province of British Columbia.