Cantex Mine Development (TSXV:CD) ROCE % : -396.70% (As of Oct. 2024)

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What is Cantex Mine Development 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. Cantex Mine Development's annualized ROCE % for the quarter that ended in Oct. 2024 was -396.70%.

Cantex Mine Development ROCE % Historical Data

The historical data trend for Cantex Mine Development'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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Cantex Mine Development ROCE % Chart

Cantex Mine Development Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

ROCE %

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-210.33

-227.93

-310.21

-301.06

-320.77

Cantex Mine Development Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
ROCE %	Get a 7-Day Free Trial															-1,185.05	-106.78	-66.59	-292.07	-396.70

Cantex Mine Development ROCE % Calculation

Cantex Mine Development's annualized ROCE % for the fiscal year that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2024 )		(A: Jul. 2023 )		(A: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2024 )		(A: Jul. 2023 )		(A: Jul. 2024 )
	=	-5.753	/	( ( (1.47 - 1.015)	+	(4.487 - 1.355) )	/ 2 )
	=	-5.753	/	( (0.455	+	3.132)	/ 2 )
	=	-5.753	/	1.7935
	=	-320.77 %

Cantex Mine Development's ROCE % of for the quarter that ended in Oct. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	-8.42	/	( ( (4.487 - 1.355)	+	(1.601 - 0.488) )	/ 2 )
	=	-8.42	/	( ( 3.132	+	1.113 )	/ 2 )
	=	-8.42	/	2.1225
	=	-396.70 %

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

Cantex Mine Development (TSXV:CD) 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.

Cantex Mine Development ROCE % Related Terms

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Cantex Mine Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cantex Mine Development Corp (TSXV:CD) » Definitions » ROCE %

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CTXDF:USA

Address

203-1634 Harvey Avenue, Kelowna, BC, CAN, V1Y 6G2

Website

https://www.cantex.ca

Cantex Mine Development Corp is a Canada-based exploration-stage company. The principal activities of the company include the acquisition and exploration of mineral properties for commercial mineral deposits. The company holds an interest in several properties in Yemen including Al Hariqah. Its exploration and mineral properties in Nevada. The company holds an interest in a few claim blocks located in Yukon. The company operates through a single segment Mineral Exploration. Geographically it operates in Canada, Yemen, and the United States of America, and the majority of its revenue is generated from Canada.

Executives

Charles Edgar Fipke	Director, Senior Officer
Vernon Frolick	Director
Chad Stanley Ulansky	Director, Senior Officer
Dundee Corporation	10% Security Holder
Robert Douglas Cudney	10% Security Holder
Jennifer Lee Irons	Senior Officer
Keiven Bauer	Senior Officer