Canadian Metals (XCNQ:CME) ROCE % : -4.55% (As of Jan. 2025)

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What is Canadian Metals 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 Metals's annualized ROCE % for the quarter that ended in Jan. 2025 was -4.55%.

Canadian Metals ROCE % Historical Data

The historical data trend for Canadian Metals'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 Metals ROCE % Chart

Canadian Metals Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

ROCE %

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-2.09

-8.21

-7.94

-3.64

-3.68

Canadian Metals Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
ROCE %	Get a 7-Day Free Trial															-3.75	-4.70	-3.68	-3.89	-4.55

Canadian Metals ROCE % Calculation

Canadian Metals's annualized ROCE % for the fiscal year that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2024 )		(A: Jul. 2023 )		(A: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2024 )		(A: Jul. 2023 )		(A: Jul. 2024 )
	=	-0.432	/	( ( (13.408 - 0.97)	+	(12.656 - 1.588) )	/ 2 )
	=	-0.432	/	( (12.438	+	11.068)	/ 2 )
	=	-0.432	/	11.753
	=	-3.68 %

Canadian Metals's ROCE % of for the quarter that ended in Jan. 2025 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2025 )		(Q: Oct. 2024 )		(Q: Jan. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2025 )		(Q: Oct. 2024 )		(Q: Jan. 2025 )
	=	-0.492	/	( ( (12.501 - 1.59)	+	(12.408 - 1.674) )	/ 2 )
	=	-0.492	/	( ( 10.911	+	10.734 )	/ 2 )
	=	-0.492	/	10.8225
	=	-4.55 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2025) EBIT data.

Canadian Metals (XCNQ:CME) 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 Metals ROCE % Related Terms

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Canadian Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canadian Metals Inc (XCNQ:CME) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1000 Sherbrooke Street West, Suite 2700, Montrea, QC, CAN, H3A3G4

Website

https://www.canadian-metals.com

Canadian Metals Inc is engaged in the acquisition, exploration, and evaluation of mineral properties in Quebec and New Brunswick. It is committed to the discovery and aggressive exploration of gold and base metal assets. Some of its properties include Langis Property, TV Tower Property, Mountain Brook Property and Blackshale Property, Frenette Property, Oxford Brook Property, Nicholas Deny's Project, and Goldstrike and Millsream Gold Property.

Executives

Kelly James Malcolm	Director
Victor Cantore	10% Security Holder
Stéphane Leblanc	10% Security Holder
Beat Frei	Senior Officer
Yves Rougerie	Director
Michel Gagnon	Director
Gerald Panneton	Director
Patsie Liette Ducharme	Senior Officer
Sean Tufford	Senior Officer
René Boisvert	Senior Officer