Copperex Resources (TSXV:CUEX) ROCE % : -68.04% (As of Dec. 2023)

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What is Copperex 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. Copperex Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -68.04%.

Copperex Resources ROCE % Historical Data

The historical data trend for Copperex 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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Copperex Resources ROCE % Chart

Copperex Resources Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

-9.36

-5.53

Copperex Resources Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial							-5.91	-5.46	-13.99	-28.99	-68.04

Copperex Resources ROCE % Calculation

Copperex Resources's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-0.049	/	( ( (1.024 - 0.126)	+	(0.896 - 0.023) )	/ 2 )
	=	-0.049	/	( (0.898	+	0.873)	/ 2 )
	=	-0.049	/	0.8855
	=	-5.53 %

Copperex Resources's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-0.844	/	( ( (0.871 - 0.058)	+	(1.872 - 0.204) )	/ 2 )
	=	-0.844	/	( ( 0.813	+	1.668 )	/ 2 )
	=	-0.844	/	1.2405
	=	-68.04 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Copperex Resources (TSXV:CUEX) 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.

Copperex Resources ROCE % Related Terms

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Copperex Resources (TSXV:CUEX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

800 West Georgia Street, Suite 1205, Vancouver, BC, CAN, V6C 2N6

Website

Gotham Resource Corp is a capital pool company.

Executives

David William Prins

10% Security Holder, Director, Senior Officer

Copperex Resources (TSXV:CUEX) Headlines

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