Copper Standard Resources (XCNQ:CSR) ROCE % : -8.00% (As of Dec. 2023)

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What is Copper Standard 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. Copper Standard Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -8.00%.

Copper Standard Resources ROCE % Historical Data

The historical data trend for Copper Standard 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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Copper Standard Resources ROCE % Chart

Copper Standard Resources Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-19.28

-57.31

-27.39

-9.95

-7.91

Copper Standard Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial												-12.15	-10.19	-9.17	-7.99	-8.00

Copper Standard Resources ROCE % Calculation

Copper Standard 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 )
	=	-0.991	/	( ( (11.477 - 0.104)	+	(14.078 - 0.401) )	/ 2 )
	=	-0.991	/	( (11.373	+	13.677)	/ 2 )
	=	-0.991	/	12.525
	=	-7.91 %

Copper Standard 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 )
	=	-0.968	/	( ( (10.703 - 0.169)	+	(14.078 - 0.401) )	/ 2 )
	=	-0.968	/	( ( 10.534	+	13.677 )	/ 2 )
	=	-0.968	/	12.1055
	=	-8.00 %

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

Copper Standard Resources (XCNQ:CSR) 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.

Copper Standard Resources ROCE % Related Terms

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Copper Standard Resources (XCNQ:CSR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Copper Standard Resources Inc (XCNQ:CSR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CSRIF:USA

Address

733 Seymour Street, Suite 3200, Vancouver, BC, CAN, V6B 5J3

Website

https://www.level14ventures.com

Copper Standard Resources Inc is a resource-stage mining company with a focus on copper and gold. Its business consists of only one reportable segment being exploration and evaluation of mineral properties.