Canada One Mining (TSXV:CONE) ROCE % : 0.00% (As of Jan. 2024)

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What is Canada One Mining 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. Canada One Mining's annualized ROCE % for the quarter that ended in Jan. 2024 was 0.00%.

Canada One Mining ROCE % Historical Data

The historical data trend for Canada One Mining'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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Canada One Mining ROCE % Chart

Canada One Mining Annual Data

Trend

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ROCE %

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Canada One Mining Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
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Canada One Mining ROCE % Calculation

Canada One Mining's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	-0.39	/	( ( (0.057 - 1.343)	+	(0.287 - 1.066) )	/ 2 )
	=	-0.39	/	( (-1.286	+	-0.779)	/ 2 )
	=	-0.39	/	-1.0325
	=	37.77 %

Canada One Mining's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-1.16	/	( ( (0.386 - 1.096)	+	(0.831 - 1.232) )	/ 2 )
	=	-1.16	/	( ( -0.71	+	-0.401 )	/ 2 )
	=	-1.16	/	-0.5555
	=	0 %

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

Canada One Mining (TSXV:CONE) 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.

Canada One Mining ROCE % Related Terms

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Canada One Mining (TSXV:CONE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canada One Mining Corp (TSXV:CONE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

COMCF:USA AU31:Germany

Address

750 West Pender Street, Suite 250, Vancouver, BC, CAN, V6C 2T7

Website

https://www.canadaonemining.com

Canada One Mining Corp operates as a mineral exploration company. Its flagship project is the Copper Dome project, a 100%-owned project located adjacent to Copper Mountain Mine in BC.

Executives

Michael Winslow Kinley

Director, Senior Officer