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CANEX Metals (TSXV:CANX) ROCE % : -5.86% (As of Dec. 2023)


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What is CANEX 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. CANEX Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.86%.

CANEX Metals ROCE % Historical Data

The historical data trend for CANEX 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.

CANEX Metals ROCE % Chart

CANEX Metals Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -24.70 -26.64 -17.23 -15.22 -8.58

CANEX Metals Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -5.41 -7.21 -12.06 -9.31 -5.86

CANEX Metals ROCE % Calculation

CANEX Metals's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Sep. 2023 )  (A: Sep. 2022 )(A: Sep. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Sep. 2023 )  (A: Sep. 2022 )(A: Sep. 2023 )
=-0.495/( ( (5.767 - 0.093) + (5.925 - 0.06) )/ 2 )
=-0.495/( (5.674+5.865)/ 2 )
=-0.495/5.7695
=-8.58 %

CANEX Metals's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=-0.352/( ( (5.925 - 0.06) + (6.175 - 0.02) )/ 2 )
=-0.352/( ( 5.865 + 6.155 )/ 2 )
=-0.352/6.01
=-5.86 %

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

CANEX Metals  (TSXV:CANX) 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.

CANEX Metals ROCE % Related Terms

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CANEX Metals (TSXV:CANX) Business Description

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Traded in Other Exchanges
NOMNF:USA
Address
734-7th Avenue SW, Suite 1620, Calgary, AB, CAN, T2P 3P8
Website
https://www.canexmetals.ca
CANEX Metals Inc is a Canada-based junior exploration company. Principally, it is engaged in the business of mineral exploration and the development of resource properties. The company holds an interest in Gibson property, and Gold Range Property.