Cross River Ventures (FRA:C6R) ROCE % : -40.24% (As of Oct. 2023)

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What is Cross River Ventures 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. Cross River Ventures's annualized ROCE % for the quarter that ended in Oct. 2023 was -40.24%.

Cross River Ventures ROCE % Historical Data

The historical data trend for Cross River Ventures'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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Cross River Ventures ROCE % Chart

Cross River Ventures Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

ROCE %

-69.08

-54.02

-132.78

Cross River Ventures Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
ROCE %	Get a 7-Day Free Trial															-57.63	-174.86	-82.36	-53.58	-40.24

Cross River Ventures ROCE % Calculation

Cross River Ventures's annualized ROCE % for the fiscal year that ended in Jan. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	-3.281	/	( ( (4.407 - 0.292)	+	(2.178 - 1.351) )	/ 2 )
	=	-3.281	/	( (4.115	+	0.827)	/ 2 )
	=	-3.281	/	2.471
	=	-132.78 %

Cross River Ventures's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	-0.308	/	( ( (1.757 - 0.957)	+	(1.747 - 1.016) )	/ 2 )
	=	-0.308	/	( ( 0.8	+	0.731 )	/ 2 )
	=	-0.308	/	0.7655
	=	-40.24 %

(1) Note: The EBIT data used here is four times the quarterly (Oct. 2023) EBIT data.

Cross River Ventures (FRA:C6R) 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.

Cross River Ventures ROCE % Related Terms

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Cross River Ventures (FRA:C6R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cross River Ventures Corp (FRA:C6R) » Definitions » ROCE %

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Traded in Other Exchanges

CSRVF:USA CRVC:Canada

Address

800 West Pender Street, Suite 1430, Vancouver, BC, CAN, V6C 2V6

Website

https://www.crossriverventures.com

Cross River Ventures Corp is engaged in the identification, evaluation, exploration, and acquisition of mineral properties. Its projects include McVicar Gold Project, Shabu Lake Property, Ear Falls Property and Fuchsite Gold Project among others.

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