JXMNF (Jaxon Mining) ROCE % : -6.42% (As of Oct. 2023)

View and export this data going back to 2016. Start your Free Trial

What is Jaxon 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. Jaxon Mining's annualized ROCE % for the quarter that ended in Oct. 2023 was -6.42%.

Jaxon Mining ROCE % Historical Data

The historical data trend for Jaxon 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.

* Premium members only.

Jaxon Mining ROCE % Chart

Jaxon Mining Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

ROCE %

Get a 7-Day Free Trial

-57.10

-21.27

-4.30

-14.88

-8.72

Jaxon Mining 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															-11.31	-7.52	-9.55	-7.68	-6.42

Jaxon Mining ROCE % Calculation

Jaxon Mining'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 )
	=	-0.459	/	( ( (6.264 - 0.662)	+	(6.017 - 1.088) )	/ 2 )
	=	-0.459	/	( (5.602	+	4.929)	/ 2 )
	=	-0.459	/	5.2655
	=	-8.72 %

Jaxon Mining'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 )
	=	-0.3	/	( ( (5.573 - 0.775)	+	(5.34 - 0.792) )	/ 2 )
	=	-0.3	/	( ( 4.798	+	4.548 )	/ 2 )
	=	-0.3	/	4.673
	=	-6.42 %

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

Jaxon Mining (OTCPK:JXMNF) 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.

Jaxon Mining ROCE % Related Terms

Thank you for viewing the detailed overview of Jaxon Mining's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Jaxon Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jaxon Mining Inc (OTCPK:JXMNF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

750 West Pender Street, Suite 1105, Vancouver, BC, CAN, V6C 2T8

Website

https://www.jaxonmining.com

Jaxon Mining Inc is a Canadian-based exploration and development company. It is engaged in the acquisition, exploration, and development of mineral properties in Canada. It holds interests in two projects including Red Springs(Hazelton) and Max/Knoll(Hazelton) among others.

Jaxon Mining Headlines

From GuruFocus

Concerned Shareholders of Jaxon Mining, to Requisition an Annual General Meeting

By ACCESSWIRE • 02-16-2024