Coast Copper (Coast Copper) ROCE % : -49.31% (As of Dec. 2023)

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What is Coast 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. Coast Copper's annualized ROCE % for the quarter that ended in Dec. 2023 was -49.31%.

Coast Copper ROCE % Historical Data

The historical data trend for Coast 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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Coast Copper ROCE % Chart

Coast Copper Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-101.76

-66.90

-66.78

-36.64

Coast Copper Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-16.31	-40.17	-42.44	-16.90	-49.31

Coast Copper ROCE % Calculation

Coast Copper'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 )
	=	-0.737	/	( ( (2.416 - 0.093)	+	(1.854 - 0.154) )	/ 2 )
	=	-0.737	/	( (2.323	+	1.7)	/ 2 )
	=	-0.737	/	2.0115
	=	-36.64 %

Coast Copper'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 )
	=	-0.88	/	( ( (2.001 - 0.132)	+	(1.854 - 0.154) )	/ 2 )
	=	-0.88	/	( ( 1.869	+	1.7 )	/ 2 )
	=	-0.88	/	1.7845
	=	-49.31 %

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

Coast Copper (OTCPK:COCCF) 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.

Coast Copper ROCE % Related Terms

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Coast Copper (Coast Copper) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Coast Copper Corp (OTCPK:COCCF) » Definitions » ROCE %

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COCO:Canada

Address

409 Granville Street, Suite 904, Vancouver, BC, CAN, V6C 1T2

Website

https://www.coastcoppercorp.com

Coast Copper Corp is engaged in the business of the exploration and evaluation of mineral properties. It focuses on exploring its portfolio of mineral properties, including the Empire Mine property located on northern Vancouver Island, British Columbia (BC) and the Golden Triangle properties in central BC, its sole operating and geographical segment.