Canadian Oil Recovery & Remediation Enterprises (Canadian Oil Recovery & Remediation Enterprises) ROCE % : 0.00% (As of Sep. 2021)

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What is Canadian Oil Recovery & Remediation Enterprises 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. Canadian Oil Recovery & Remediation Enterprises's annualized ROCE % for the quarter that ended in Sep. 2021 was 0.00%.

Canadian Oil Recovery & Remediation Enterprises ROCE % Historical Data

The historical data trend for Canadian Oil Recovery & Remediation Enterprises'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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Canadian Oil Recovery & Remediation Enterprises ROCE % Chart

Canadian Oil Recovery & Remediation Enterprises Annual Data

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Canadian Oil Recovery & Remediation Enterprises Quarterly Data
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Canadian Oil Recovery & Remediation Enterprises ROCE % Calculation

Canadian Oil Recovery & Remediation Enterprises's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	-0.176	/	( ( (0.155 - 2.687)	+	(0.051 - 2.849) )	/ 2 )
	=	-0.176	/	( (-2.532	+	-2.798)	/ 2 )
	=	-0.176	/	-2.665
	=	6.60 %

Canadian Oil Recovery & Remediation Enterprises's ROCE % of for the quarter that ended in Sep. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2021 )		(Q: Jun. 2021 )		(Q: Sep. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2021 )		(Q: Jun. 2021 )		(Q: Sep. 2021 )
	=	-0.052	/	( ( (0.034 - 2.926)	+	(0.016 - 2.817) )	/ 2 )
	=	-0.052	/	( ( -2.892	+	-2.801 )	/ 2 )
	=	-0.052	/	-2.8465
	=	0 %

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

Canadian Oil Recovery & Remediation Enterprises (OTCPK:CRVYF) 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.

Canadian Oil Recovery & Remediation Enterprises ROCE % Related Terms

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Canadian Oil Recovery & Remediation Enterprises (Canadian Oil Recovery & Remediation Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Canadian Oil Recovery & Remediation Enterprises Ltd (OTCPK:CRVYF) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

141 Adelaide Street West, Suite 1007, Toronto, ON, CAN, M5H 3L5

Website

http://www.corre.com

Canadian Oil Recovery & Remediation Enterprises Ltd provides full cycle oil waste management solutions to the petroleum industry. The company's primary customers are in the upstream petroleum sector (oil production and drilling companies) and downstream petroleum sector (oil refinery, transportation and distribution companies). Its operating lines include remediating oil-contaminated soil; treating sludge, oil-based muds and drilling waste; oil recovery; industrial waste management; oil storage tank cleaning; oil and gas engineering, and project management. Soil remediation, sludge treatment and oil recovery are provided by CORRE through its Advanced Recovery Equipment Systems (ARES), which consists of two soil washing plants known as ARES I and ARES II.

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