CSRNF (Canstar Resources) ROCE % : -387.83% (As of Sep. 2024)

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What is Canstar 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. Canstar Resources's annualized ROCE % for the quarter that ended in Sep. 2024 was -387.83%.

Canstar Resources ROCE % Historical Data

The historical data trend for Canstar 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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Canstar Resources ROCE % Chart

Canstar Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-1.81

-13.06

-53.57

-166.96

-201.30

Canstar Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-231.73	-350.00	-305.37	-138.80	-387.83

Canstar Resources ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-0.931	/	( ( (0.793 - 0.212)	+	(0.43 - 0.086) )	/ 2 )
	=	-0.931	/	( (0.581	+	0.344)	/ 2 )
	=	-0.931	/	0.4625
	=	-201.30 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-0.956	/	( ( (0.43 - 0.086)	+	(0.201 - 0.052) )	/ 2 )
	=	-0.956	/	( ( 0.344	+	0.149 )	/ 2 )
	=	-0.956	/	0.2465
	=	-387.83 %

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

Canstar Resources (OTCPK:CSRNF) 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.

Canstar Resources ROCE % Related Terms

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Canstar Resources Business Description

Industry

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

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ROX:Canada

Address

220 Bay Street, Suite 550, Toronto, ON, CAN, M5J 2W4

Website

https://www.canstarresources.com

Canstar Resources Inc is focused on creating shareholder value through the discovery and development of economic mineral deposits in Newfoundland and Labrador, Canada. The company has interest in the Golden Baie Project in south-central Newfoundland and Buchans-Mary March project and other mineral exploration properties in Newfoundland.

Canstar Resources Headlines

From GuruFocus

Canstar Closes First Tranche of Private Placement and Appoints New CEO & Director

By GlobeNewswire GlobeNewswire • 09-16-2020

Canstar Resources Announces Closing of the Disposition of the Slate Bay interests

By GlobeNewswire GlobeNewswire • 11-06-2019

Canstar Resources, Adventus Zinc and Altius Minerals Provide Update on Transaction

By GlobeNewswire GlobeNewswire • 05-31-2018

Canstar Resources Closes C$210,000 Non-Brokered Private Placement

By GlobeNewswire GlobeNewswire • 02-14-2020

Angus Ventures Provides an Update on the Qualifying Transaction

By Marketwired Marketwired • 09-12-2019

Canstar Amends Terms of Private Placement

By GlobeNewswire GlobeNewswire • 09-03-2020