Cartier Resources (FRA:6CA) ROCE % : -3.65% (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is Cartier 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. Cartier Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.65%.

Cartier Resources ROCE % Historical Data

The historical data trend for Cartier 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.

* Premium members only.

Cartier Resources ROCE % Chart

Cartier Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-4.64

-4.34

-4.40

-3.81

-3.26

Cartier Resources 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															-3.05	-3.39	-3.32	-2.90	-3.65

Cartier Resources ROCE % Calculation

Cartier Resources'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 )
	=	-1.016	/	( ( (31.365 - 1.107)	+	(32.305 - 0.236) )	/ 2 )
	=	-1.016	/	( (30.258	+	32.069)	/ 2 )
	=	-1.016	/	31.1635
	=	-3.26 %

Cartier Resources'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 )
	=	-1.152	/	( ( (31.207 - 0.203)	+	(32.305 - 0.236) )	/ 2 )
	=	-1.152	/	( ( 31.004	+	32.069 )	/ 2 )
	=	-1.152	/	31.5365
	=	-3.65 %

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

Cartier Resources (FRA:6CA) 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.

Cartier Resources ROCE % Related Terms

Thank you for viewing the detailed overview of Cartier Resources's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Cartier Resources (FRA:6CA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cartier Resources Inc (FRA:6CA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ECRFF:USA ECR:Canada

Address

1740, Chemin Sullivan, Suite 1000, Val d’Or, QC, CAN, J9P 7H1

Website

https://www.ressourcescartier.com

Cartier Resources Inc is an exploration company. Its activities include the acquisition and exploration of mining properties in Canada. Some of the projects of the company are Chimo Mine, Benoist, Fenton, Wilson, Cadillac Extension, Dollier and MacCormack.

Cartier Resources (FRA:6CA) Headlines

No Headlines