Cadillac Ventures (Cadillac Ventures) ROCE % : 0.46% (As of Feb. 2021)

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What is Cadillac Ventures 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. Cadillac Ventures's annualized ROCE % for the quarter that ended in Feb. 2021 was 0.46%.

Cadillac Ventures ROCE % Historical Data

The historical data trend for Cadillac Ventures'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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Cadillac Ventures ROCE % Chart

Cadillac Ventures Annual Data

Trend

May11

May12

May13

May14

May15

May16

May17

May18

May19

May20

ROCE %

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0.39

-1.59

-3.02

-23.37

-148.33

Cadillac Ventures Quarterly Data
	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21
ROCE %	Get a 7-Day Free Trial															-2.70	-583.94	15.58	-22.07	0.46

Cadillac Ventures ROCE % Calculation

Cadillac Ventures's annualized ROCE % for the fiscal year that ended in May. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2020 )		(A: May. 2019 )		(A: May. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2020 )		(A: May. 2019 )		(A: May. 2020 )
	=	-11.183	/	( ( (14.604 - 1.267)	+	(3.256 - 1.514) )	/ 2 )
	=	-11.183	/	( (13.337	+	1.742)	/ 2 )
	=	-11.183	/	7.5395
	=	-148.33 %

Cadillac Ventures's ROCE % of for the quarter that ended in Feb. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2021 )		(Q: Nov. 2020 )		(Q: Feb. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2021 )		(Q: Nov. 2020 )		(Q: Feb. 2021 )
	=	0.008	/	( ( (3.532 - 1.667)	+	(3.003 - 1.393) )	/ 2 )
	=	0.008	/	( ( 1.865	+	1.61 )	/ 2 )
	=	0.008	/	1.7375
	=	0.46 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2021) EBIT data.

Cadillac Ventures (GREY:CADIF) 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.

Cadillac Ventures ROCE % Related Terms

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Cadillac Ventures (Cadillac Ventures) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cadillac Ventures Inc (GREY:CADIF) » Definitions » ROCE %

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Address

1099 Kingston Road, Suite 269, Pickering, ON, CAN, L1V 1B5

Website

http://www.cadillacventures.com

Cadillac Ventures Inc is a development-focused exploration company operating in Canada. It is engaged in the exploration and development of mineral properties. The company owns an interest in Thierry Project located in Northwestern Ontario and Burnt Hill Project.