Fabled Copper (XCNQ:FABL) ROCE % : -18.87% (As of Sep. 2023)

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What is Fabled Copper 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. Fabled Copper's annualized ROCE % for the quarter that ended in Sep. 2023 was -18.87%.

Fabled Copper ROCE % Historical Data

The historical data trend for Fabled Copper'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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Fabled Copper ROCE % Chart

Fabled Copper Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-87.99

-75.78

Fabled Copper Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial							-161.47	-54.17	-18.03	-20.03	-18.87

Fabled Copper ROCE % Calculation

Fabled Copper's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-3.05	/	( ( (6.592 - 1.195)	+	(3.386 - 0.733) )	/ 2 )
	=	-3.05	/	( (5.397	+	2.653)	/ 2 )
	=	-3.05	/	4.025
	=	-75.78 %

Fabled Copper's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-0.5	/	( ( (3.476 - 0.781)	+	(3.366 - 0.762) )	/ 2 )
	=	-0.5	/	( ( 2.695	+	2.604 )	/ 2 )
	=	-0.5	/	2.6495
	=	-18.87 %

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

Fabled Copper (XCNQ:FABL) 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.

Fabled Copper ROCE % Related Terms

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Fabled Copper (XCNQ:FABL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fabled Copper Corp (XCNQ:FABL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FBCPF:USA XZ70:Germany

Address

1500 West Georgia Street, Suite 480, Vancouver, BC, CAN, V6G 2Z6

Website

https://www.fabledsilvergoldcorp.com

Fabled Copper Corp is a mineral resource company principally engaged in the acquisition and exploration of mineral resource properties. Its objective is to locate and develop precious metals, focusing initially on the exploration and development of the Muskwa Project. It has one reportable segment, which is the exploration and evaluation of exploration and evaluation assets. All of the Company's equipment and exploration and evaluation assets are located in Canada.

Fabled Copper (XCNQ:FABL) Headlines

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