Quri-Mayu Developments (TSXV:QURI) ROCE % : -184.62% (As of Oct. 2024)

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What is Quri-Mayu Developments 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. Quri-Mayu Developments's annualized ROCE % for the quarter that ended in Oct. 2024 was -184.62%.

Quri-Mayu Developments ROCE % Historical Data

The historical data trend for Quri-Mayu Developments'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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Quri-Mayu Developments ROCE % Chart

Quri-Mayu Developments Annual Data

Trend

Oct20

Oct21

Oct22

Oct23

Oct24

ROCE %

-15.34

-17.64

-35.57

-61.57

-108.95

Quri-Mayu Developments Quarterly Data
	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
ROCE %	Get a 7-Day Free Trial												-111.82	-74.03	-98.25	-127.36	-184.62

Quri-Mayu Developments ROCE % Calculation

Quri-Mayu Developments's annualized ROCE % for the fiscal year that ended in Oct. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2024 )		(A: Oct. 2023 )		(A: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2024 )		(A: Oct. 2023 )		(A: Oct. 2024 )
	=	-0.408	/	( ( (1.234 - 0.655)	+	(1.026 - 0.856) )	/ 2 )
	=	-0.408	/	( (0.579	+	0.17)	/ 2 )
	=	-0.408	/	0.3745
	=	-108.95 %

Quri-Mayu Developments's ROCE % of for the quarter that ended in Oct. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	-0.408	/	( ( (1.047 - 0.775)	+	(1.026 - 0.856) )	/ 2 )
	=	-0.408	/	( ( 0.272	+	0.17 )	/ 2 )
	=	-0.408	/	0.221
	=	-184.62 %

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

Quri-Mayu Developments (TSXV:QURI) 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.

Quri-Mayu Developments ROCE % Related Terms

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Quri-Mayu Developments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Quri-Mayu Developments Ltd (TSXV:QURI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1285 West Pender Street, Suite 1000, Vancouver, BC, CAN, V6E 4B1

Website

https://quri-mayu.ca

Quri-Mayu Developments Ltd is engaged in the identification, evaluation, and acquisition of mineral properties, as well as the exploration of mineral properties.

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