CanAlaska Uranium (FRA:DH7) ROCE % : -28.80% (As of Oct. 2024)

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What is CanAlaska Uranium 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. CanAlaska Uranium's annualized ROCE % for the quarter that ended in Oct. 2024 was -28.80%.

CanAlaska Uranium ROCE % Historical Data

The historical data trend for CanAlaska Uranium'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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CanAlaska Uranium ROCE % Chart

CanAlaska Uranium Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

ROCE %

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-213.64

-73.30

-56.91

-65.06

-58.09

CanAlaska Uranium Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
ROCE %	Get a 7-Day Free Trial															-82.76	-77.62	-47.87	-69.04	-28.80

CanAlaska Uranium ROCE % Calculation

CanAlaska Uranium's annualized ROCE % for the fiscal year that ended in Apr. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2024 )		(A: Apr. 2023 )		(A: Apr. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2024 )		(A: Apr. 2023 )		(A: Apr. 2024 )
	=	-5.432	/	( ( (10.406 - 1.725)	+	(10.837 - 0.816) )	/ 2 )
	=	-5.432	/	( (8.681	+	10.021)	/ 2 )
	=	-5.432	/	9.351
	=	-58.09 %

CanAlaska Uranium's ROCE % of for the quarter that ended in Oct. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	-2.564	/	( ( (8.364 - 0.947)	+	(10.969 - 0.578) )	/ 2 )
	=	-2.564	/	( ( 7.417	+	10.391 )	/ 2 )
	=	-2.564	/	8.904
	=	-28.80 %

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

CanAlaska Uranium (FRA:DH7) 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.

CanAlaska Uranium ROCE % Related Terms

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CanAlaska Uranium Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CanAlaska Uranium Ltd (FRA:DH7) » Definitions » ROCE %

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CVVUF:USA 0UNV:UK CVV:Canada

Address

Unit 204, 75 - 24th Street E, Saskatoon, SK, CAN, S7K 0K3

Website

https://www.canalaska.com

CanAlaska Uranium Ltd is engaged in the exploration of uranium, nickel, and diamond properties. Its project portfolio includes West McArthur, Cree East, Waterbury (South and East), Moon Lake South, Carswell, North Millennium, Geikie, Chymko, McTavish, Taggart, Carswell, NW Manitoba, Patterson West, Enterprise, Frontier, Voyager, Titian, Constellation, Strong, Strong Extension, Wilson, Moak North, Cree North, Kasmere, Nebula, Mouse Mountain, West Athabasca Kimberlite, Swan Bay, Sebring and Avenger.. The Company's operations comprise a single operating segment engaged in mineral exploration in Canada.

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