Caprock Mining (XCNQ:CAPR) ROC % : -21.52% (As of Nov. 2024)

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What is Caprock 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 %. Caprock Mining's annualized return on capital (ROC %) for the quarter that ended in Nov. 2024 was -21.52%.

As of today (2025-04-05), Caprock Mining's WACC % is 26.70%. Caprock Mining's ROC % is -17.95% (calculated using TTM income statement data). Caprock Mining earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Caprock Mining ROC % Historical Data

The historical data trend for Caprock 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.

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Caprock Mining ROC % Chart

Caprock Mining Annual Data

Trend

Aug21

Aug22

Aug23

Aug24

ROC %

-3,264.71

-98.36

-28.49

-20.83

Caprock Mining Quarterly Data
	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
ROC %	Get a 7-Day Free Trial												-30.49	-17.46	-16.43	-16.26	-21.52

Caprock Mining ROC % Calculation

Caprock Mining's annualized Return on Capital (ROC %) for the fiscal year that ended in Aug. 2024 is calculated as:

	ROC % (A: Aug. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Aug. 2023 )	+	Invested Capital (A: Aug. 2024 ))	/ count )
=	-0.423 * ( 1 - 0% )	/	( (2.072	+	1.989)	/ 2 )
=	-0.423	/	2.0305
=	-20.83 %

where

	Invested Capital		(A: Aug. 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	))
=	2.362	-	0.213	-	( 0.236	-	max(0, 0.213	-	0.29	+	0.236	))
=	2.072

	Invested Capital		(A: Aug. 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	))
=	2.142	-	0.391	-	( 0.131	-	max(0, 0.391	-	0.153	+	0.131	))
=	1.989

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

	ROC % (Q: Nov. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Aug. 2024 )	+	Invested Capital (Q: Nov. 2024 ))	/ count )
=	-0.428 * ( 1 - 0% )	/	( (1.989	+	1.989)	/ 2 )
=	-0.428	/	1.989
=	-21.52 %

where

	Invested Capital		(Q: Aug. 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	))
=	2.142	-	0.391	-	( 0.131	-	max(0, 0.391	-	0.153	+	0.131	))
=	1.989

	Invested Capital		(Q: Nov. 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	))
=	2.019	-	0.374	-	( 0.005	-	max(0, 0.374	-	0.03	+	0.005	))
=	1.989

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

Caprock Mining (XCNQ:CAPR) 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, Caprock Mining's WACC % is 26.70%. Caprock Mining's ROC % is -17.95% (calculated using TTM income statement data). Caprock 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.

Caprock Mining ROC % Related Terms

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Caprock Mining Business Description

Industry

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Traded in Other Exchanges

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Address

36 Toronto Street, Suite 701, Toronto, ON, CAN, M5C 2C5

Website

https://www.caprockmining.com

Caprock Mining Corp is a mineral exploration and mining company. The primary business objectives of the company are to create a portfolio of high-quality gold exploration property holdings, and achieve growth through mineral resource exploration and development. The company has several precious metals projects in Tier-1 jurisdictions such as the Destiny project in Quebec, and the Miner Lake, Greenoaks and Mud Lake projects in Ontario.