CANEX Metals (TSXV:CANX) ROCE %: -11.32% (As of Mar. 2026)


TSXV:CANX CANEX Metals Inc TSXV:CANX
29 GF Score
Price C$0.24
! 2 Warning Signs
View Full Analysis

What is CANEX Metals ROCE %?

CANEX Metals TSXV:CANX 29 ROCE % is -11.32% as of Mar. 2026. GuruFocus rates TSXV:CANX with a GF Score™ of 29/100. The stock has 2 warning signs investors should review.

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 Mar. 2026 was -11.32%.

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

CANEX Metals ROCE % Historical Data

* Premium members only.

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.

CANEX Metals ROCE % Chart

CANEX Metals Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -17.23 -15.22 -9.27 -4.70 -7.42

CANEX Metals Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -1.75 -3.17 -12.39 -10.60 -11.32
TSXV:CANX
29GF Score
CANEX Metals Inc TSXV:CANX
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CANEX Metals ROCE % Calculation

CANEX Metals's annualized ROCE % for the fiscal year that ended in Sep. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Sep. 2025 )  (A: Sep. 2024 )(A: Sep. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Sep. 2025 )  (A: Sep. 2024 )(A: Sep. 2025 )
=-0.492/( ( (5.969 - 0.046) + (7.597 - 0.267) )/ 2 )
=-0.492/( (5.923+7.33)/ 2 )
=-0.492/6.6265
=-7.42 %

CANEX Metals's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=-2.544/( ( (10.357 - 0.256) + (36.669 - 1.833) )/ 2 )
=-2.544/( ( 10.101 + 34.836 )/ 2 )
=-2.544/22.4685
=-11.32 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -11.32% mean?
CANEX Metals (TSXV:CANX) has a ROCE % of -11.32% as of Mar. 2026.
Is CANEX Metals' ROCE % too high?
CANEX Metals' current ROCE % is -11.32%. Overall, CANEX Metals has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does CANEX Metals' ROCE % compare to NEM and AU?
CANEX Metals' ROCE % of -11.32% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Metals & Mining company?
A good ROCE % depends on the Metals & Mining industry context. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. CANEX Metals's current ROCE % is -11.32%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CANEX Metals stock overvalued right now?
CANEX Metals (TSXV:CANX) has a current ROCE % of -11.32%. The current ROCE % is -11.32%. CANEX Metals' overall GF Score™ is 29/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For CANEX Metals (TSXV:CANX), the current ROCE % is -11.32% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

CANEX Metals Business Description

Other Exchanges NOMNF:USANJM1:Germany
Address 734-7th Avenue SW, Suite 1620, Calgary, AB, CAN, T2P 3P8
CANEX Metals Inc is a Canada-based junior exploration company engaged in mineral exploration and the development of resource properties. Its projects include the Louise Cu-Au Porphyry Project in British Columbia, Canada; the Gold Range Property in Arizona, USA; and the Gibson Prospect in British Columbia.
29GF Score

Get the complete analysis for TSXV:CANX

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$0.24
Price