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CMTNF (Cullinan Metals) ROCE % : -84.58% (As of Mar. 2024)


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What is Cullinan Metals 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. Cullinan Metals's annualized ROCE % for the quarter that ended in Mar. 2024 was -84.58%.

Cullinan Metals ROCE % Historical Data

The historical data trend for Cullinan Metals'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.

* Premium members only.

Cullinan Metals ROCE % Chart

Cullinan Metals Annual Data
Trend Jun21 Jun22 Jun23
ROCE %
-9.38 -131.41 -178.68

Cullinan Metals Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -214.32 -136.10 -205.48 -493.68 -84.58

Cullinan Metals ROCE % Calculation

Cullinan Metals's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jun. 2023 )  (A: Jun. 2022 )(A: Jun. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jun. 2023 )  (A: Jun. 2022 )(A: Jun. 2023 )
=-0.771/( ( (0.223 - 0.03) + (0.86 - 0.19) )/ 2 )
=-0.771/( (0.193+0.67)/ 2 )
=-0.771/0.4315
=-178.68 %

Cullinan Metals's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=-0.244/( ( (0.435 - 0.126) + (0.378 - 0.11) )/ 2 )
=-0.244/( ( 0.309 + 0.268 )/ 2 )
=-0.244/0.2885
=-84.58 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

* 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.

Cullinan Metals  (OTCPK:CMTNF) 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.

Cullinan Metals ROCE % Related Terms

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Cullinan Metals Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cullinan Metals Corp (OTCPK:CMTNF) » Definitions » ROCE %
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Traded in Other Exchanges
7KO:Germany CMT:Canada
Address
700 West Pender Street, Suite 610, Vancouver, BC, CAN, V6C 1G8
Website
https://www.cullinanmetals.com
Cullinan Metals Corp is engaged in the exploration of the company's principal mineral property located in Quebec which is in the exploration stage. The company's project includes Smiley Lithium Project, Lac-Des-Iles West Graphite Project, and the Wakeman Lake Lithium Project.