Cosa Resources (TSXV:COSA) ROCE % : -221.18% (As of Mar. 2024)

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What is Cosa Resources 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. Cosa Resources's annualized ROCE % for the quarter that ended in Mar. 2024 was -221.18%.

Cosa Resources ROCE % Historical Data

The historical data trend for Cosa Resources'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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Cosa Resources ROCE % Chart

Cosa Resources Annual Data

Trend

Oct21

Oct22

ROCE %

-60.14

-66.74

Cosa Resources Quarterly Data
	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial								-38.51	-61.07	-85.11	-	-221.18

Cosa Resources ROCE % Calculation

Cosa Resources's annualized ROCE % for the fiscal year that ended in Oct. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2022 )		(A: Oct. 2021 )		(A: Oct. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2022 )		(A: Oct. 2021 )		(A: Oct. 2022 )
	=	-1.209	/	( ( (0.296 - 0.015)	+	(3.486 - 0.144) )	/ 2 )
	=	-1.209	/	( (0.281	+	3.342)	/ 2 )
	=	-1.209	/	1.8115
	=	-66.74 %

Cosa Resources'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 )
	=	-13.312	/	( ( (6.102 - 1.046)	+	(9.703 - 2.722) )	/ 2 )
	=	-13.312	/	( ( 5.056	+	6.981 )	/ 2 )
	=	-13.312	/	6.0185
	=	-221.18 %

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

Cosa Resources (TSXV:COSA) 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.

Cosa Resources ROCE % Related Terms

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Cosa Resources (TSXV:COSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cosa Resources Corp (TSXV:COSA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

COSAF:USA SSKU:Germany

Address

1295 Richards Street, Suite 801, Vancouver, BC, CAN, V6B 1B7

Website

https://cosaresources.ca/

Cosa Resources Corp is a natural resource company engaged in the acquisition and exploration of mining properties. The company is focused on the Heron Property, located north of La Ronge, Saskatchewan, and the Athabasca Uranium Properties.

Executives

Andrew Cameron Carmichael

Senior Officer

Cosa Resources (TSXV:COSA) Headlines

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