Candelaria Mining (TSXV:CAND) ROCE % : 0.00% (As of Jul. 2024)

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What is Candelaria 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. Candelaria Mining's annualized ROCE % for the quarter that ended in Jul. 2024 was 0.00%.

Candelaria Mining ROCE % Historical Data

The historical data trend for Candelaria 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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Candelaria Mining ROCE % Chart

Candelaria Mining Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

ROCE %

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-13.55

-37.36

-32.26

-26.84

-198.00

Candelaria Mining 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															-11.21	-13.11	-3.47	-753.54	-

Candelaria Mining ROCE % Calculation

Candelaria Mining'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 )
	=	-13.001	/	( ( (16.792 - 2.626)	+	(5.249 - 6.283) )	/ 2 )
	=	-13.001	/	( (14.166	+	-1.034)	/ 2 )
	=	-13.001	/	6.566
	=	-198.00 %

Candelaria Mining'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 )
	=	-0.424	/	( ( (5.249 - 6.283)	+	(4.961 - 6.059) )	/ 2 )
	=	-0.424	/	( ( -1.034	+	-1.098 )	/ 2 )
	=	-0.424	/	-1.066
	=	0 %

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

Candelaria Mining (TSXV:CAND) 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.

Candelaria Mining ROCE % Related Terms

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Candelaria Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Candelaria Mining Corp (TSXV:CAND) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

29LN:Germany

Address

1030 West Georgia, Suite 1012, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.candelariamining.com

Candelaria Mining Corp is a precious metals focused exploration and mining company. It has two gold projects in Mexico; the 100%-owned construction-ready high-grade Pinos gold project located in the state of Zacatecas, and the 100%-owned exploration stage Caballo Blanco project located in the state of Veracruz.

Executives

S.a. Institución De Banca Múltiple En Liquidación Judicial Accendo Banco	10% Security Holder
Sergio Manuel Gomez	Director

Candelaria Mining Headlines

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