Xiana Mining (TSXV:XIA.H) ROCE % : 0.00% (As of Sep. 2020)

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What is Xiana Mining 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. Xiana Mining's annualized ROCE % for the quarter that ended in Sep. 2020 was 0.00%.

Xiana Mining ROCE % Historical Data

The historical data trend for Xiana Mining'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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Xiana Mining ROCE % Chart

Xiana Mining Annual Data

Trend

Jan10

Jan11

Jan12

Jan13

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Jan15

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Jan18

Dec19

ROCE %

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-145.12

Xiana Mining Quarterly Data
	Jul15	Oct15	Jan16	Apr16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
ROCE %	Get a 7-Day Free Trial															-87.38	-	-	-	-

Xiana Mining ROCE % Calculation

Xiana Mining's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2019 )		(A: Jan. 2018 )		(A: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2019 )		(A: Jan. 2018 )		(A: Dec. 2019 )
	=	-60.479	/	( ( (0.896 - 0.046)	+	(8.183 - 56.989) )	/ 2 )
	=	-60.479	/	( (0.85	+	-48.806)	/ 2 )
	=	-60.479	/	-23.978
	=	252.23 %

Xiana Mining's ROCE % of for the quarter that ended in Sep. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2020 )		(Q: Jun. 2020 )		(Q: Sep. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2020 )		(Q: Jun. 2020 )		(Q: Sep. 2020 )
	=	-12.908	/	( ( (8.05 - 67.676)	+	(7.88 - 69.594) )	/ 2 )
	=	-12.908	/	( ( -59.626	+	-61.714 )	/ 2 )
	=	-12.908	/	-60.67
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2020) EBIT data.

Xiana Mining (TSXV:XIA.H) 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.

Xiana Mining ROCE % Related Terms

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Xiana Mining (TSXV:XIA.H) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xiana Mining Inc (TSXV:XIA.H) » Definitions » ROCE %

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Address

837 West Hastings Street, Suite 507, Vancouver, BC, CAN, V6C 3N6

Website

https://www.xianamining.com

Xiana Mining Inc is an exploration stage company. It is engaged in the acquisition, exploration, and development of mineral properties. The company focuses on exploration for precious and base metals in its property interest. Its exploration activities are focused on mineral claim blocks grouped into the Central Zone, North Zone, and South Zone. It produces copper-gold concentrates from the Minera Altos De Punitaqui in Chile.

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