Canoe Mining Ventures (TSXV:CLV) ROC % : -179.15% (As of Sep. 2024)

View and export this data going back to 2012. Start your Free Trial

What is Canoe Mining Ventures ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Canoe Mining Ventures's annualized return on capital (ROC %) for the quarter that ended in Sep. 2024 was -179.15%.

As of today (2025-03-24), Canoe Mining Ventures's WACC % is -13.59%. Canoe Mining Ventures's ROC % is -148.21% (calculated using TTM income statement data). Canoe Mining Ventures earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Canoe Mining Ventures ROC % Historical Data

The historical data trend for Canoe Mining Ventures'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.

* Premium members only.

Canoe Mining Ventures ROC % Chart

Canoe Mining Ventures Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROC %

Get a 7-Day Free Trial

-231.82

-234.11

-135.56

-160.61

-109.17

Canoe Mining Ventures Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROC %	Get a 7-Day Free Trial															-77.90	-123.58	-141.41	-145.15	-179.15

Canoe Mining Ventures ROC % Calculation

Canoe Mining Ventures's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2023 is calculated as:

	ROC % (A: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2022 )	+	Invested Capital (A: Dec. 2023 ))	/ count )
=	-0.125 * ( 1 - 0% )	/	( (0.113	+	0.116)	/ 2 )
=	-0.125	/	0.1145
=	-109.17 %

where

	Invested Capital		(A: Dec. 2022 )
=	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	))
=	0.494	-	0.084	-	( 0.346	-	max(0, 0.17	-	0.467	+	0.346	))
=	0.113

	Invested Capital		(A: Dec. 2023 )
=	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	))
=	0.329	-	0.042	-	( 0.171	-	max(0, 0.042	-	0.302	+	0.171	))
=	0.116

Canoe Mining Ventures's annualized Return on Capital (ROC %) for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	-0.232 * ( 1 - 0% )	/	( (0.155	+	0.104)	/ 2 )
=	-0.232	/	0.1295
=	-179.15 %

where

	Invested Capital		(Q: Jun. 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	))
=	0.23	-	0.02	-	( 0.055	-	max(0, 0.02	-	0.203	+	0.055	))
=	0.155

	Invested Capital		(Q: Sep. 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	))
=	0.201	-	0.05	-	( 0.047	-	max(0, 0.05	-	0.173	+	0.047	))
=	0.104

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

Canoe Mining Ventures (TSXV:CLV) 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, Canoe Mining Ventures's WACC % is -13.59%. Canoe Mining Ventures's ROC % is -148.21% (calculated using TTM income statement data). Canoe Mining Ventures 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.

Canoe Mining Ventures ROC % Related Terms

Thank you for viewing the detailed overview of Canoe Mining Ventures's ROC % provided by GuruFocus.com. Please click on the following links to see related term pages.

Canoe Mining Ventures Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canoe Mining Ventures Corp (TSXV:CLV) » Definitions » ROC %

Comparable Companies

Traded in Other Exchanges

CNMVF:USA

Address

82 Richmond Street East, Toronto, ON, CAN, M5C 1P1

Website

https://www.canoemining.ca

Canoe Mining Ventures Corp is engaged in the acquisition, exploration, evaluation, and development of gold resource properties in Canada. It operates through the exploration and development of mineral properties in Canada segment. Its exploration activities are focused on exploration for gold at its property in Northern Ontario, Canada. The company's projects include the OpenPort project and Kerrs project.

Executives