Cache Exploration (TSXV:CAY.H) ROCE % : -184.64% (As of Dec. 2020)

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What is Cache Exploration 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. Cache Exploration's annualized ROCE % for the quarter that ended in Dec. 2020 was -184.64%.

Cache Exploration ROCE % Historical Data

The historical data trend for Cache Exploration'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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Cache Exploration ROCE % Chart

Cache Exploration Annual Data

Trend

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

ROCE %

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-357.14

-341.21

-90.16

-65.44

-88.35

Cache Exploration Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
ROCE %	Get a 7-Day Free Trial															-41.40	-36.61	-65.04	-281.82	-184.64

Cache Exploration ROCE % Calculation

Cache Exploration's annualized ROCE % for the fiscal year that ended in Sep. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2020 )		(A: Sep. 2019 )		(A: Sep. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2020 )		(A: Sep. 2019 )		(A: Sep. 2020 )
	=	-1.024	/	( ( (1.752 - 0.868)	+	(2.562 - 1.128) )	/ 2 )
	=	-1.024	/	( (0.884	+	1.434)	/ 2 )
	=	-1.024	/	1.159
	=	-88.35 %

Cache Exploration's ROCE % of for the quarter that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2020 )		(Q: Sep. 2020 )		(Q: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2020 )		(Q: Sep. 2020 )		(Q: Dec. 2020 )
	=	-4.352	/	( ( (2.562 - 1.128)	+	(4.289 - 1.009) )	/ 2 )
	=	-4.352	/	( ( 1.434	+	3.28 )	/ 2 )
	=	-4.352	/	2.357
	=	-184.64 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2020) EBIT data.

Cache Exploration (TSXV:CAY.H) 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.

Cache Exploration ROCE % Related Terms

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Cache Exploration (TSXV:CAY.H) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cache Exploration Inc (TSXV:CAY.H) » Definitions » ROCE %

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Address

213 - 333 Terminal Avenue, Vancouver, BC, CAN, V6A 4C1

Website

http://www.cacheexploration.com

Cache Exploration Inc is a gold focused company that holds and operates the Kiyuk Lake Property which covers 590km2 in SW Nunavut: the project features number of gold bearing prospects including 2017 identification of 8m of 26.4 g/t gold at the Rusty Zone and extensive mineralization at East Gold Point with 64 m at 1.5 g/t gold and 10 m at 6.5 g/t gold.

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