CNRIF (Condor Resources) ROCE % : -9.98% (As of Aug. 2024)

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What is Condor Resources 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. Condor Resources's annualized ROCE % for the quarter that ended in Aug. 2024 was -9.98%.

Condor Resources ROCE % Historical Data

The historical data trend for Condor Resources'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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Condor Resources ROCE % Chart

Condor Resources Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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-16.15

-16.87

-5.92

-11.44

-4.83

Condor Resources Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
ROCE %	Get a 7-Day Free Trial															-2.81	-3.89	-7.32	-8.45	-9.98

Condor Resources ROCE % Calculation

Condor Resources's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	-0.313	/	( ( (5.347 - 0.076)	+	(7.779 - 0.097) )	/ 2 )
	=	-0.313	/	( (5.271	+	7.682)	/ 2 )
	=	-0.313	/	6.4765
	=	-4.83 %

Condor Resources's ROCE % of for the quarter that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	-0.728	/	( ( (7.548 - 0.084)	+	(7.181 - 0.063) )	/ 2 )
	=	-0.728	/	( ( 7.464	+	7.118 )	/ 2 )
	=	-0.728	/	7.291
	=	-9.98 %

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

Condor Resources (OTCPK:CNRIF) 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.

Condor Resources ROCE % Related Terms

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Condor Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Condor Resources Inc (OTCPK:CNRIF) » Definitions » ROCE %

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CN:Canada

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.condorresources.com

Condor Resources Inc is engaged in acquiring and exploring mineral properties located in Peru. The company is engaged in the exploration of minerals, emphasizing gold and copper prospects. Its projects include Chavin, Soledad, Quriurqu, Huinac Punta, Ocros, Pucamayo, Humaya, San Martin, Lucero, and Quilca-Quilisane in Peru South America.