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Clean Air Metals (TSXV:AIR) ROCE % : -16.27% (As of Jul. 2024)


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What is Clean Air Metals 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. Clean Air Metals's annualized ROCE % for the quarter that ended in Jul. 2024 was -16.27%.


Clean Air Metals ROCE % Historical Data

The historical data trend for Clean Air Metals'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.

Clean Air Metals ROCE % Chart

Clean Air Metals Annual Data
Trend Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
ROCE %
Get a 7-Day Free Trial -116.09 -8.28 -5.76 -11.35 -7.82

Clean Air Metals Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -7.93 -8.13 -6.53 -7.81 -16.27

Clean Air Metals ROCE % Calculation

Clean Air Metals's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jan. 2024 )  (A: Jan. 2023 )(A: Jan. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jan. 2024 )  (A: Jan. 2023 )(A: Jan. 2024 )
=-3.027/( ( (42.29 - 0.624) + (39.205 - 3.479) )/ 2 )
=-3.027/( (41.666+35.726)/ 2 )
=-3.027/38.696
=-7.82 %

Clean Air Metals's ROCE % of for the quarter that ended in Jul. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jul. 2024 )  (Q: Apr. 2024 )(Q: Jul. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jul. 2024 )  (Q: Apr. 2024 )(Q: Jul. 2024 )
=-5.576/( ( (38.553 - 3.69) + (37.636 - 3.954) )/ 2 )
=-5.576/( ( 34.863 + 33.682 )/ 2 )
=-5.576/34.2725
=-16.27 %

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

* 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.


Clean Air Metals  (TSXV:AIR) 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.


Clean Air Metals ROCE % Related Terms

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Clean Air Metals Business Description

Traded in Other Exchanges
Address
100 King Street West, Suite 3400, Toronto, ON, CAN, M5X 1A4
Clean Air Metals Inc is engaged in mineral exploration and evaluation. The projects of the company include Thunder Bay North Property, Located approximately 50km northeast of the city of Thunder Bay, within the Thunder Bay Mining Division, in Ontario, Canada, and Triple Flag Net Smelter Royalty.
Executives
Mike Lawrence Garbutt Senior Officer
Stephen House Director or Senior Officer of 10% Security Holder
Maryann Elizabeth Crichton Director
James Elvin Gallagher Director
Dean Ronald Chambers Director
Abraham Peter Drost Director, Senior Officer
Stephen Stares Director or Senior Officer of 10% Security Holder
Evan Asselstine Director or Senior Officer of 10% Security Holder
1832 Asset Management L.p. 10% Security Holder