Cornish Metals (TSXV:CUSN) ROCE % : -4.92% (As of Oct. 2023)

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What is Cornish Metals 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. Cornish Metals's annualized ROCE % for the quarter that ended in Oct. 2023 was -4.92%.

Cornish Metals ROCE % Historical Data

The historical data trend for Cornish Metals'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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Cornish Metals ROCE % Chart

Cornish Metals Annual Data

Trend

Jan13

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

ROCE %

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-16.60

4.75

-26.38

-8.01

-12.40

Cornish Metals Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
ROCE %	Get a 7-Day Free Trial															-3.05	-3.41	-3.66	-4.39	-4.92

Cornish Metals ROCE % Calculation

Cornish Metals's annualized ROCE % for the fiscal year that ended in Jan. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2022 )		(A: Jan. 2021 )		(A: Jan. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2022 )		(A: Jan. 2021 )		(A: Jan. 2022 )
	=	-2.891	/	( ( (18.18 - 0.968)	+	(36.088 - 6.659) )	/ 2 )
	=	-2.891	/	( (17.212	+	29.429)	/ 2 )
	=	-2.891	/	23.3205
	=	-12.40 %

Cornish Metals's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	-4.96	/	( ( (104.309 - 3.049)	+	(102.796 - 2.573) )	/ 2 )
	=	-4.96	/	( ( 101.26	+	100.223 )	/ 2 )
	=	-4.96	/	100.7415
	=	-4.92 %

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

Cornish Metals (TSXV:CUSN) 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.

Cornish Metals ROCE % Related Terms

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Cornish Metals (TSXV:CUSN) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cornish Metals Inc (TSXV:CUSN) » Definitions » ROCE %

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SBWFF:USA CUSN:UK ZYR1:Germany

Address

789 West Pender Street, Suite 960, Vancouver, BC, CAN, V6C 1H2

Website

https://www.cornishmetals.com

Cornish Metals Inc is building a portfolio of strategic metals assets in North America and the United Kingdom, and its flagship project is the past-producing South Crofty underground tin mine in Cornwall, UK. South Crofty is arguably the important historical tin mine in the UK and hosts the highest grade tin resources world wide. The project has the potential to be a high-grade tin producer in Europe.

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