Copper Road Resources (TSXV:CRD) ROCE % : -7.87% (As of Sep. 2024)

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What is Copper Road 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. Copper Road Resources's annualized ROCE % for the quarter that ended in Sep. 2024 was -7.87%.

Copper Road Resources ROCE % Historical Data

The historical data trend for Copper Road 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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Copper Road Resources ROCE % Chart

Copper Road Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-481.97

-111.77

-68.12

-300.33

Copper Road Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-22,880.00	-	-	-84.86	-7.87

Copper Road Resources ROCE % Calculation

Copper Road Resources's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-1.121	/	( ( (0.172 - 0.101)	+	(0.042 - 0.163) )	/ 2 )
	=	-1.121	/	( (0.071	+	-0.121)	/ 2 )
	=	-1.121	/	-0.025
	=	4,484.00 %

Copper Road Resources's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-0.112	/	( ( (1.594 - 0.216)	+	(1.598 - 0.128) )	/ 2 )
	=	-0.112	/	( ( 1.378	+	1.47 )	/ 2 )
	=	-0.112	/	1.424
	=	-7.87 %

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

Copper Road Resources (TSXV:CRD) 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.

Copper Road Resources ROCE % Related Terms

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Copper Road Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Copper Road Resources Inc (TSXV:CRD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

82 Richmond Street East, Toronto, ON, CAN, M5C 1P1

Website

https://www.copperroad.ca

Copper Road Resources Inc is a Canadian based explorer engaged in the acquisition, exploration and evaluation of properties for the mining of precious and base metals. The company is exploring for large copper/gold deposits on the 24,000-hectare Batchewana Bay Project, 80 km north of Sault St. Marie, Ontario, Canada.

Executives

Eric Szustak	Director
Michael James Waring	Director
Matthew Ian Rees	Director
John Timmons	Director, Senior Officer

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