Canadian Spirit Resources (TSXV:SPI) ROCE % : -4.04% (As of Dec. 2024)

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What is Canadian Spirit 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. Canadian Spirit Resources's annualized ROCE % for the quarter that ended in Dec. 2024 was -4.04%.

Canadian Spirit Resources ROCE % Historical Data

The historical data trend for Canadian Spirit 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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Canadian Spirit Resources ROCE % Chart

Canadian Spirit Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Jun24

ROCE %

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-3.48

-5.05

-2.10

-4.56

-28.81

Canadian Spirit Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-4.13	-58.82	-47.78	-6.09	-4.04

Canadian Spirit Resources ROCE % Calculation

Canadian Spirit Resources's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Dec. 2022 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Dec. 2022 )		(A: Jun. 2024 )
	=	-9.797	/	( ( (39.274 - 0.725)	+	(29.922 - 0.459) )	/ 2 )
	=	-9.797	/	( (38.549	+	29.463)	/ 2 )
	=	-9.797	/	34.006
	=	-28.81 %

Canadian Spirit Resources's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-1.176	/	( ( (29.883 - 0.504)	+	(29.181 - 0.289) )	/ 2 )
	=	-1.176	/	( ( 29.379	+	28.892 )	/ 2 )
	=	-1.176	/	29.1355
	=	-4.04 %

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

Canadian Spirit Resources (TSXV:SPI) 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.

Canadian Spirit Resources ROCE % Related Terms

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Canadian Spirit Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Canadian Spirit Resources Inc (TSXV:SPI) » Definitions » ROCE %

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CSPUF:USA

Address

140 - 4th Avenue SW, Suite 900, Calgary, AB, CAN, T2P 3N3

Website

https://www.csri.ca

Canadian Spirit Resources Inc is a natural resources company focusing on the identification and development of opportunities in the unconventional natural gas sector of the energy industry. It is focused on the exploration and production of natural gas in the Montney Formation of northeast British Columbia.

Executives

Elmag Investments Inc.

10% Security Holder

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