CMRZF (Commerce Resources) ROC %: -5.50% (As of Apr. 2026)


CMRZF Commerce Resources Corp CMRZF
19 GF Score
Price $0.09
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What is Commerce Resources ROC %?

Commerce Resources CMRZF 19 ROC % is -5.50% as of Apr. 2026. GuruFocus rates CMRZF with a GF Score™ of 19/100.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Commerce Resources's annualized return on capital (ROC %) for the quarter that ended in Apr. 2026 was -5.50%.

As of today (2026-07-04), Commerce Resources's WACC % is 12.33%. Commerce Resources's ROC % is -9.44% (calculated using TTM income statement data). Commerce Resources earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Commerce Resources  (OTCPK:CMRZF) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Commerce Resources's WACC % is 12.33%. Commerce Resources's ROC % is -9.44% (calculated using TTM income statement data). Commerce Resources earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Commerce Resources ROC % Related Terms

Commerce Resources ROC % Historical Data

* Premium members only.

The historical data trend for Commerce Resources's ROC % 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.

Commerce Resources ROC % Chart

Commerce Resources Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
ROC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.47 -1.78 -1.84 -2.98 -10.08

Commerce Resources Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
ROC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -8.60 -7.66 -15.90 -9.00 -5.50
CMRZF
19GF Score
Commerce Resources Corp CMRZF
ROC % is just one metric. See GF Score™, valuation, warning signs, and more.
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Commerce Resources ROC % Calculation

Commerce Resources's annualized Return on Capital (ROC %) for the fiscal year that ended in Oct. 2025 is calculated as:

ROC % (A: Oct. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Oct. 2024 ) + Invested Capital (A: Oct. 2025 ))/ count )
=-3.856 * ( 1 - 0% )/( (37.505 + 39.006)/ 2 )
=-3.856/38.2555
=-10.08 %

where

Invested Capital(A: Oct. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=40.141 - 1.096 - ( 1.823 - max(0, 1.16 - 2.7+1.823))
=37.505

Invested Capital(A: Oct. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=48.337 - 3.027 - ( 6.657 - max(0, 3.056 - 9.36+6.657))
=39.006

Commerce Resources's annualized Return on Capital (ROC %) for the quarter that ended in Apr. 2026 is calculated as:

ROC % (Q: Apr. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jan. 2026 ) + Invested Capital (Q: Apr. 2026 ))/ count )
=-2.288 * ( 1 - 0% )/( (41.045 + 42.099)/ 2 )
=-2.288/41.572
=-5.50 %

where

Invested Capital(Q: Jan. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=45.963 - 0.762 - ( 4.156 - max(0, 0.791 - 6.773+4.156))
=41.045

Invested Capital(Q: Apr. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=45.713 - 0.214 - ( 3.4 - max(0, 0.266 - 5.677+3.4))
=42.099

Note: The Operating Income data used here is four times the quarterly (Apr. 2026) data. The tax rate is limited to between 0% and 100%.

* 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.

Frequently Asked Questions Learn more about ROC % →
What does a ROC % of -5.50% mean?
Commerce Resources (CMRZF) has a ROC % of -5.50% as of Apr. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Commerce Resources and its competitors.
Is Commerce Resources' ROC % too high?
Commerce Resources' current ROC % is -5.50%. Overall, Commerce Resources has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Commerce Resources' ROC % compare to competitors?
Commerce Resources' ROC % of -5.50% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a Metals & Mining company?
A good ROC % depends on the Metals & Mining industry context. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Commerce Resources and its competitors. Commerce Resources's current ROC % is -5.50%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Commerce Resources stock overvalued right now?
Commerce Resources (CMRZF) has a current ROC % of -5.50%. The current ROC % is -5.50%. Commerce Resources' overall GF Score™ is 19/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For Commerce Resources (CMRZF), the current ROC % is -5.50% as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Commerce Resources Business Description

Address 2 Bligh Street, Level 8, SYDNEY, NSW, AUS, 2000
Mont Royal Resources Ltd is a critical minerals development and exploration company with projects in Quebec, Canada. Company's projects include also includes the Eldor Niobium Project, located adjacent to Ashram, and the Northern Lights Lithium Project, located in the world-class James Bay region of Quebec, creating a diversified platform aligned the clean energy transition.
19GF Score

Get the complete analysis for CMRZF

ROC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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