Canterra Minerals (TSXV:CTM) ROCE % : -16.05% (As of Sep. 2023)

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What is Canterra Minerals 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. Canterra Minerals's annualized ROCE % for the quarter that ended in Sep. 2023 was -16.05%.

Canterra Minerals ROCE % Historical Data

The historical data trend for Canterra Minerals'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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Canterra Minerals ROCE % Chart

Canterra Minerals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-10.20

-73.57

-65.31

Canterra Minerals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-26.35	-59.11	-10.68	-26.98	-16.05

Canterra Minerals ROCE % Calculation

Canterra Minerals'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: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-3.748	/	( ( (7.649 - 0.384)	+	(5.109 - 0.897) )	/ 2 )
	=	-3.748	/	( (7.265	+	4.212)	/ 2 )
	=	-3.748	/	5.7385
	=	-65.31 %

Canterra Minerals'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 )
	=	-0.756	/	( ( (5.249 - 0.039)	+	(5.109 - 0.897) )	/ 2 )
	=	-0.756	/	( ( 5.21	+	4.212 )	/ 2 )
	=	-0.756	/	4.711
	=	-16.05 %

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

Canterra Minerals (TSXV:CTM) 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.

Canterra Minerals ROCE % Related Terms

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Canterra Minerals (TSXV:CTM) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canterra Minerals Corp (TSXV:CTM) » Definitions » ROCE %

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CTMCF:USA

Address

625 Howe Street, Suite 580, Vancouver, BC, CAN, V6C 2T6

Website

https://www.canterraminerals.com

Canterra Minerals Corp is an exploration-stage company. It is engaged in the acquisition, exploration, and evaluation of mineral properties. The group primarily specializes in diamond exploration within the Northwest Territories. It holds an interest in projects and properties such as Wilding Lake Project, Marlin and Rex in the Northwest Territories, and Buffalo Hills in Alberta. It has one reportable operating segment, being the acquisition, exploration, and evaluation of mineral properties in Canada.