Colibri Resource (Colibri Resource) ROCE % : -13.98% (As of Sep. 2023)

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What is Colibri Resource 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. Colibri Resource's annualized ROCE % for the quarter that ended in Sep. 2023 was -13.98%.

Colibri Resource ROCE % Historical Data

The historical data trend for Colibri Resource'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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Colibri Resource ROCE % Chart

Colibri Resource Annual Data

Trend

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Dec22

ROCE %

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-12.20

-224.74

-21.39

13.13

-11.70

Colibri Resource Quarterly Data
	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															33.76	-18.40	-7.51	-15.13	-13.98

Colibri Resource ROCE % Calculation

Colibri Resource's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Nov. 2020 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Nov. 2020 )		(A: Dec. 2022 )
	=	-0.329	/	( ( (2.467 - 0.818)	+	(4.353 - 0.378) )	/ 2 )
	=	-0.329	/	( (1.649	+	3.975)	/ 2 )
	=	-0.329	/	2.812
	=	-11.70 %

Colibri Resource's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-0.556	/	( ( (4.191 - 0.43)	+	(4.502 - 0.31) )	/ 2 )
	=	-0.556	/	( ( 3.761	+	4.192 )	/ 2 )
	=	-0.556	/	3.9765
	=	-13.98 %

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

Colibri Resource (OTCPK:CRUCF) 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.

Colibri Resource ROCE % Related Terms

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Colibri Resource (Colibri Resource) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Colibri Resource Corp (OTCPK:CRUCF) » Definitions » ROCE %

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Traded in Other Exchanges

CBI:Canada

Address

105 Englehart Street, Suite 700, Dieppe, NB, CAN, E1A 8K2

Website

https://www.colibriresource.com

Colibri Resource Corp is a mineral resource exploration company. It is engaged in the process of acquiring and exploring precious mineral properties in Mexico. The properties of the company are Evelyn Gold, Diamante Gold & Silver, Pilar & Silver, Mezquite Gold, and Jackie Gold & Silver. The company operates in one reportable business segment, being the acquisition and exploration of mineral properties.

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