Culico Metals (TSXV:CLCO) ROCE % : 4.62% (As of Jun. 2024)

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What is Culico 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. Culico Metals's annualized ROCE % for the quarter that ended in Jun. 2024 was 4.62%.

Culico Metals ROCE % Historical Data

The historical data trend for Culico 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.

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Culico Metals ROCE % Chart

Culico Metals Annual Data

Trend

Dec22

ROCE %

Culico Metals Quarterly Data
	Dec22	Mar23	Dec23	Mar24	Jun24
ROCE %	-	-	-	-4.62	4.62

Culico Metals ROCE % Calculation

Culico Metals's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: . 20 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: . 20 )		(A: Dec. 2022 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Culico Metals's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	0.468	/	( ( (10.119 - 0)	+	(0 - 0) )	/ 1 )
	=	0.468	/	( ( 10.119	+	0 )	/ 1 )
	=	0.468	/	10.119
	=	4.62 %

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

Culico Metals (TSXV:CLCO) 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.

Culico Metals ROCE % Related Terms

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