Colonial Coal International (TSXV:CAD) ROCE % : -14.70% (As of Jan. 2024)

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What is Colonial Coal International 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. Colonial Coal International's annualized ROCE % for the quarter that ended in Jan. 2024 was -14.70%.

Colonial Coal International ROCE % Historical Data

The historical data trend for Colonial Coal International'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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Colonial Coal International ROCE % Chart

Colonial Coal International Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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-9.27

-12.47

-7.99

-52.88

-46.16

Colonial Coal International Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-12.30	-144.16	-8.47	-49.94	-14.70

Colonial Coal International ROCE % Calculation

Colonial Coal International's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	-8.334	/	( ( (17.658 - 0.094)	+	(18.691 - 0.142) )	/ 2 )
	=	-8.334	/	( (17.564	+	18.549)	/ 2 )
	=	-8.334	/	18.0565
	=	-46.16 %

Colonial Coal International's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-2.744	/	( ( (18.494 - 0.138)	+	(19.111 - 0.129) )	/ 2 )
	=	-2.744	/	( ( 18.356	+	18.982 )	/ 2 )
	=	-2.744	/	18.669
	=	-14.70 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

Colonial Coal International (TSXV:CAD) 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.

Colonial Coal International ROCE % Related Terms

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Colonial Coal International (TSXV:CAD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Colonial Coal International Corp (TSXV:CAD) » Definitions » ROCE %

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CCARF:USA COX:Germany

Address

595 Howe Street, Suite 200, Vancouver, BC, CAN, V6C 2T5

Website

https://www.ccoal.ca

Colonial Coal International Corp is an pure-play metallurgical coal development company. Principally, it is engaged in the acquisition, exploration, and development of coal properties located in Canada. Its projects include the Flatbed project; Huguenot project as well as Watson Island. It holds interests in two resource-stage coal properties in the Peace River Coalfield of northeastern British Columbia, Canada: namely, the Huguenot and Flatbed properties.