Xanadu Mines (Xanadu Mines) ROCE % : -12.43% (As of Jun. 2023)

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What is Xanadu Mines 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. Xanadu Mines's annualized ROCE % for the quarter that ended in Jun. 2023 was -12.43%.

Xanadu Mines ROCE % Historical Data

The historical data trend for Xanadu Mines'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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Xanadu Mines ROCE % Chart

Xanadu Mines Annual Data

Trend

Jun14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-16.29

-7.15

-16.85

-9.07

-13.04

Xanadu Mines Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-24.64	-10.12	-7.66	-12.43	-12.10

Xanadu Mines ROCE % Calculation

Xanadu Mines'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 )
	=	-5.021	/	( ( (33.992 - 0.142)	+	(44.253 - 1.104) )	/ 2 )
	=	-5.021	/	( (33.85	+	43.149)	/ 2 )
	=	-5.021	/	38.4995
	=	-13.04 %

Xanadu Mines's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-4.81	/	( ( (33.992 - 0.142)	+	(44.177 - 0.65) )	/ 2 )
	=	-4.81	/	( ( 33.85	+	43.527 )	/ 2 )
	=	-4.81	/	38.6885
	=	-12.43 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Xanadu Mines (OTCPK:XANAF) 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.

Xanadu Mines ROCE % Related Terms

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Xanadu Mines (Xanadu Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xanadu Mines Ltd (OTCPK:XANAF) » Definitions » ROCE %

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Address

c/o Company Matters Pty Limited, Level 12, 680 George Street, Sydney, NSW, AUS, 2000

Website

https://www.xanadumines.com

Xanadu Mines Ltd is an exploration company with a focus on Mongolia. Its business involves exploring and developing various mineral exploration projects in Mongolia. The company aims to recover copper and gold through the exploration of its properties. The projects it is engaged in include Kharmagtai, Red Mountain.

Xanadu Mines (Xanadu Mines) Headlines

From GuruFocus

Xanadu Mines Ltd at Vertical Events RIU Sydney Resources Round-Up Transcript

By GuruFocus Research • 02-15-2024