Xiana Mining (TSXV:XIA.H) ROC % : -26.21% (As of Sep. 2020)

View and export this data going back to 1981. Start your Free Trial

What is Xiana Mining 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 %. Xiana Mining's annualized return on capital (ROC %) for the quarter that ended in Sep. 2020 was -26.21%.

As of today (2024-05-26), Xiana Mining's WACC % is 0.00%. Xiana Mining's ROC % is 0.00% (calculated using TTM income statement data). Xiana Mining earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Xiana Mining ROC % Historical Data

The historical data trend for Xiana Mining'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.

Xiana Mining ROC % Chart

Xiana Mining Annual Data

Trend

Jan10

Jan11

Jan12

Jan13

Jan14

Jan15

Jan16

Jan17

Jan18

Dec19

ROC %

Get a 7-Day Free Trial

-438.17

-246.67

-118.52

Xiana Mining Quarterly Data
	Jul15	Oct15	Jan16	Apr16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
ROC %	Get a 7-Day Free Trial															-51.66	-124.86	0.80	-158.27	-26.21

Xiana Mining ROC % Calculation

Xiana Mining's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2019 is calculated as:

	ROC % (A: Dec. 2019 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Jan. 2018 )	+	Invested Capital (A: Dec. 2019 ))	/ count )
=	-20.268 * ( 1 - -0.09% )	/	( (0	+	17.117)	/ 1 )
=	-20.2862412	/	17.117
=	-118.52 %

where

	Invested Capital		(A: Jan. 2018 )
=	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	))
=	0.896	-	0.046	-	( 0.882	-	max(0, 0.046	-	0.896	+	0.882	))
=	0

	Invested Capital		(A: Dec. 2019 )
=	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	))
=	8.183	-	44.443	-	( 0.099	-	max(0, 56.989	-	3.612	+	0.099	))
=	17.117

Xiana Mining's annualized Return on Capital (ROC %) for the quarter that ended in Sep. 2020 is calculated as:

	ROC % (Q: Sep. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2020 )	+	Invested Capital (Q: Sep. 2020 ))	/ count )
=	-4.944 * ( 1 - 0.08% )	/	( (18.938	+	18.763)	/ 2 )
=	-4.9400448	/	18.8505
=	-26.21 %

where

	Invested Capital		(Q: Jun. 2020 )
=	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	))
=	8.05	-	53.442	-	( 0.023	-	max(0, 67.676	-	3.346	+	0.023	))
=	18.938

	Invested Capital		(Q: Sep. 2020 )
=	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	))
=	7.88	-	55.423	-	( 0.003	-	max(0, 69.594	-	3.288	+	0.003	))
=	18.763

Note: The Operating Income data used here is four times the quarterly (Sep. 2020) data.

Xiana Mining (TSXV:XIA.H) 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, Xiana Mining's WACC % is 0.00%. Xiana Mining's ROC % is 0.00% (calculated using TTM income statement data). Xiana Mining 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.

Xiana Mining ROC % Related Terms

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

Xiana Mining (TSXV:XIA.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xiana Mining Inc (TSXV:XIA.H) » Definitions » ROC %

Comparable Companies

Traded in Other Exchanges

N/A

Address

837 West Hastings Street, Suite 507, Vancouver, BC, CAN, V6C 3N6

Website

https://www.xianamining.com

Xiana Mining Inc is an exploration stage company. It is engaged in the acquisition, exploration, and development of mineral properties. The company focuses on exploration for precious and base metals in its property interest. Its exploration activities are focused on mineral claim blocks grouped into the Central Zone, North Zone, and South Zone. It produces copper-gold concentrates from the Minera Altos De Punitaqui in Chile.

Xiana Mining (TSXV:XIA.H) Headlines

No Headlines