CXBMF (Calibre Mining) ROCE % : 1.95% (As of Sep. 2024)

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What is Calibre Mining 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. Calibre Mining's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.95%.

Calibre Mining ROCE % Historical Data

The historical data trend for Calibre Mining'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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Calibre Mining ROCE % Chart

Calibre Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.41

31.92

26.13

16.04

20.38

Calibre Mining 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															21.62	12.40	3.33	9.96	1.95

Calibre Mining ROCE % Calculation

Calibre Mining's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	134.882	/	( ( (664.258 - 66.558)	+	(819.573 - 93.284) )	/ 2 )
	=	134.882	/	( (597.7	+	726.289)	/ 2 )
	=	134.882	/	661.9945
	=	20.38 %

Calibre Mining'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 )
	=	28.484	/	( ( (1571.277 - 172.909)	+	(1702.464 - 180.019) )	/ 2 )
	=	28.484	/	( ( 1398.368	+	1522.445 )	/ 2 )
	=	28.484	/	1460.4065
	=	1.95 %

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

Calibre Mining (OTCPK:CXBMF) 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.

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Calibre Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Calibre Mining Corp (OTCPK:CXBMF) » Definitions » ROCE %

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Address

200 Burrard Street, Suite 1560, Vancouver, BC, CAN, V6C 3L6

Website

https://www.calibremining.com

Calibre Mining Corp is a multi-asset gold producer with a portfolio of exploration and development opportunities in Nicaragua. Its projects include Pan Gold Mine, Borosi Gold Project, El Limon and La Libertad mines, Gold Rock, Gold Eagle and other properties. The company has only one revenue stream, being the sale of gold and silver. Geographically, the company generates a majority of its revenue from Nicaragua and rest from the United States.