Cerro Grande Mining (XCNQ:CEG) ROCE % : 0.00% (As of Mar. 2024)

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What is Cerro Grande 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. Cerro Grande Mining's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.00%.

Cerro Grande Mining ROCE % Historical Data

The historical data trend for Cerro Grande 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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Cerro Grande Mining ROCE % Chart

Cerro Grande Mining Annual Data

Trend

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Sep23

ROCE %

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Cerro Grande Mining Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Cerro Grande Mining ROCE % Calculation

Cerro Grande Mining's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-0.403	/	( ( (1.582 - 3.009)	+	(1.58 - 3.766) )	/ 2 )
	=	-0.403	/	( (-1.427	+	-2.186)	/ 2 )
	=	-0.403	/	-1.8065
	=	22.31 %

Cerro Grande Mining's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-0.188	/	( ( (1.567 - 3.853)	+	(1.685 - 4.103) )	/ 2 )
	=	-0.188	/	( ( -2.286	+	-2.418 )	/ 2 )
	=	-0.188	/	-2.352
	=	0 %

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

Cerro Grande Mining (XCNQ:CEG) 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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Cerro Grande Mining (XCNQ:CEG) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cerro Grande Mining Corp (XCNQ:CEG) » Definitions » ROCE %

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CEGMF:USA

Address

1 King Street West, Suite 4009, Toronto, ON, CAN, M5H 1A1

Website

http://www.cegmining.com

Cerro Grande Mining Corp is a Canada-based exploration company. The business activity of the group is operated in one reportable operating segment, being the acquisition, exploration, and development of mineral properties. It explores new gold, copper, and industrial mineral properties in central Chile. The company holds an interest in Pimenton Copper Gold Mining Project.