CMP Mining (XCNQ:CMP) ROCE % : -425.00% (As of Nov. 2024)

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What is CMP 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. CMP Mining's annualized ROCE % for the quarter that ended in Nov. 2024 was -425.00%.

CMP Mining ROCE % Historical Data

The historical data trend for CMP 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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CMP Mining ROCE % Chart

CMP Mining Annual Data

Trend

May22

May23

May24

ROCE %

-26.65

-129.02

-115.79

CMP Mining Quarterly Data
	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
ROCE %	Get a 7-Day Free Trial								-106.25	-213.95	-253.16	-252.05	-425.00

CMP Mining ROCE % Calculation

CMP Mining's annualized ROCE % for the fiscal year that ended in May. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2024 )		(A: May. 2023 )		(A: May. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2024 )		(A: May. 2023 )		(A: May. 2024 )
	=	-0.077	/	( ( (0.226 - 0.141)	+	(0.169 - 0.121) )	/ 2 )
	=	-0.077	/	( (0.085	+	0.048)	/ 2 )
	=	-0.077	/	0.0665
	=	-115.79 %

CMP Mining's ROCE % of for the quarter that ended in Nov. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	-0.068	/	( ( (0.164 - 0.139)	+	(0.131 - 0.124) )	/ 2 )
	=	-0.068	/	( ( 0.025	+	0.007 )	/ 2 )
	=	-0.068	/	0.016
	=	-425.00 %

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

CMP Mining (XCNQ:CMP) 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.

CMP Mining ROCE % Related Terms

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CMP Mining Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Granville Street, Suite 2820, Vancouver, BC, CAN, V6C 1S4

Website

CMP Mining Inc engages in the acquisition and exploration of mineral resource properties. The company's operating segments are its exploration and evaluation assets and expenditures which are incurred in Canada.