CMC Metals (TSXV:CMB) ROCE % : -6.84% (As of Mar. 2024)

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What is CMC 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. CMC Metals's annualized ROCE % for the quarter that ended in Mar. 2024 was -6.84%.

CMC Metals ROCE % Historical Data

The historical data trend for CMC 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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CMC Metals ROCE % Chart

CMC Metals Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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-4,859.20

-845.53

-873.67

CMC Metals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-165.41	-237.04	-1,010.57	1,004.09	-6.84

CMC Metals ROCE % Calculation

CMC 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 )
	=	-3.451	/	( ( (1.711 - 0.925)	+	(0.946 - 0.942) )	/ 2 )
	=	-3.451	/	( (0.786	+	0.004)	/ 2 )
	=	-3.451	/	0.395
	=	-873.67 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-0.048	/	( ( (0.916 - 0.285)	+	(1.147 - 0.374) )	/ 2 )
	=	-0.048	/	( ( 0.631	+	0.773 )	/ 2 )
	=	-0.048	/	0.702
	=	-6.84 %

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

CMC Metals (TSXV:CMB) 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.

CMC Metals ROCE % Related Terms

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CMC Metals (TSXV:CMB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CMC Metals Ltd (TSXV:CMB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CMCXF:USA ZM5P:Germany

Address

409 Granville Street, Suite 1000, Vancouver, BC, CAN, V6C 1T2

Website

https://www.cmcmetals.ca

CMC Metals Ltd is a Canadian-based exploration company. It is engaged in the acquisition and exploration of mineral properties in Canada and the United States of America. Its project portfolio includes Silver Hart Property; Blue Heaven; Rancheria; Silverknife Property; Bridal Veil; Terra Nova; Logjam and Bishop Mill.

Executives

Kevin John Brewer

Director, Senior Officer

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