Canuc Resources (TSXV:CDA) ROCE % : 85.63% (As of Dec. 2023)

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What is Canuc 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. Canuc Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was 85.63%.

Canuc Resources ROCE % Historical Data

The historical data trend for Canuc 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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Canuc Resources ROCE % Chart

Canuc Resources Annual Data

Trend

Dec14

Dec15

Dec16

Sep17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1,315.17

-906.78

-5,523.81

-376.18

Canuc 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															-	-	-833.72	-622.63	85.63

Canuc Resources ROCE % Calculation

Canuc 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 )
	=	-1.753	/	( ( (0.145 - 0.595)	+	(1.535 - 0.153) )	/ 2 )
	=	-1.753	/	( (-0.45	+	1.382)	/ 2 )
	=	-1.753	/	0.466
	=	-376.18 %

Canuc 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 )
	=	1.096	/	( ( (1.493 - 0.315)	+	(1.535 - 0.153) )	/ 2 )
	=	1.096	/	( ( 1.178	+	1.382 )	/ 2 )
	=	1.096	/	1.28
	=	85.63 %

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

Canuc Resources (TSXV:CDA) 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.

Canuc Resources ROCE % Related Terms

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Canuc Resources (TSXV:CDA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Canuc Resources Corp (TSXV:CDA) » Definitions » ROCE %

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Traded in Other Exchanges

CNUCF:USA C8SN:Germany

Address

130 Queens Quay East, Suite 607, Toronto, ON, CAN, M5A 3Y5

Website

https://www.canucresources.ca

Canuc Resources Corp is a junior resource company. It is engaged in the acquisition, exploration, development, and extraction of natural resources. The company projects include San Javier and Saskatchewan Project. It operates in two business segments namely, mineral exploration and investments in oil and gas interests. The company's geographical segments include Canada, the United States of America, and Mexico.

Executives

Christopher James Berlet

Director

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