Carmanah Minerals (XCNQ:CARM) ROCE % : -30.89% (As of Feb. 2024)

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What is Carmanah Minerals 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. Carmanah Minerals's annualized ROCE % for the quarter that ended in Feb. 2024 was -30.89%.

Carmanah Minerals ROCE % Historical Data

The historical data trend for Carmanah Minerals'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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Carmanah Minerals ROCE % Chart

Carmanah Minerals Annual Data

Trend

May21

May22

May23

ROCE %

-662.86

-181.76

Carmanah Minerals Quarterly Data
	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial								-93.20	-215.78	-46.10	-35.92	-30.89

Carmanah Minerals ROCE % Calculation

Carmanah Minerals's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	-0.528	/	( ( (0.069 - 0.104)	+	(0.661 - 0.045) )	/ 2 )
	=	-0.528	/	( (-0.035	+	0.616)	/ 2 )
	=	-0.528	/	0.2905
	=	-181.76 %

Carmanah Minerals's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-0.204	/	( ( (0.657 - 0.063)	+	(0.776 - 0.049) )	/ 2 )
	=	-0.204	/	( ( 0.594	+	0.727 )	/ 2 )
	=	-0.204	/	0.6605
	=	-30.89 %

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

Carmanah Minerals (XCNQ:CARM) 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.

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Carmanah Minerals (XCNQ:CARM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Carmanah Minerals Corp (XCNQ:CARM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.carmanahcorp.ca

Carmanah Minerals Corp is in the exploration stage company. It engages in the exploration and development of mineral properties in Canada. The projects in which the company holds an interest are Walker Project (Uranium), Hare Hill Project (Pluton), and Loljuh Project.

Executives

Karim Rayani

10% Security Holder