CanXGold Mining (TSXV:CXG) ROCE % : 0.00% (As of May. 2023)

View and export this data going back to 2007. Start your Free Trial

What is CanXGold Mining 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. CanXGold Mining's annualized ROCE % for the quarter that ended in May. 2023 was 0.00%.

CanXGold Mining ROCE % Historical Data

The historical data trend for CanXGold Mining'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.

CanXGold Mining ROCE % Chart

CanXGold Mining Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

ROCE %

Get a 7-Day Free Trial

-180.03

CanXGold Mining Quarterly Data
	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

CanXGold Mining ROCE % Calculation

CanXGold Mining's annualized ROCE % for the fiscal year that ended in Nov. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2022 )		(A: Nov. 2021 )		(A: Nov. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2022 )		(A: Nov. 2021 )		(A: Nov. 2022 )
	=	-2.924	/	( ( (4.688 - 12.564)	+	(4.246 - 15.259) )	/ 2 )
	=	-2.924	/	( (-7.876	+	-11.013)	/ 2 )
	=	-2.924	/	-9.4445
	=	30.96 %

CanXGold Mining's ROCE % of for the quarter that ended in May. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2023 )		(Q: Feb. 2023 )		(Q: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2023 )		(Q: Feb. 2023 )		(Q: May. 2023 )
	=	-1.192	/	( ( (4.123 - 15.815)	+	(4.02 - 16.197) )	/ 2 )
	=	-1.192	/	( ( -11.692	+	-12.177 )	/ 2 )
	=	-1.192	/	-11.9345
	=	0 %

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

CanXGold Mining (TSXV:CXG) 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.

CanXGold Mining ROCE % Related Terms

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

CanXGold Mining (TSXV:CXG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CanXGold Mining Corp (TSXV:CXG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

888 Dunsmuir Street, Suite 888, Vancouver, BC, CAN, V6C 3K4

Website

https://www.goldendawnminerals.com

CanXGold Mining Corp is a Canada-based mineral exploration company. The principal activity of the company is the acquisition and exploration of mineral resource properties in Canada. All the company's mineral properties are in the exploration stages.

Executives

Stefan Bender

Director

CanXGold Mining (TSXV:CXG) Headlines

No Headlines