Canter Resources (XCNQ:CRC) ROCE % : -17.09% (As of Dec. 2023)

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What is Canter Resources 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. Canter Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -17.09%.

Canter Resources ROCE % Historical Data

The historical data trend for Canter Resources'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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Canter Resources ROCE % Chart

Canter Resources Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

-16.02

-64.45

-69.32

Canter Resources Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial								-67.33	-133.33	-413.79	-24.70	-17.09

Canter Resources ROCE % Calculation

Canter Resources's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-0.122	/	( ( (0.392 - 0.061)	+	(0.06 - 0.039) )	/ 2 )
	=	-0.122	/	( (0.331	+	0.021)	/ 2 )
	=	-0.122	/	0.176
	=	-69.32 %

Canter Resources's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-1.656	/	( ( (1.275 - 0.065)	+	(18.877 - 0.71) )	/ 2 )
	=	-1.656	/	( ( 1.21	+	18.167 )	/ 2 )
	=	-1.656	/	9.6885
	=	-17.09 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Canter Resources (XCNQ:CRC) 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.

Canter Resources ROCE % Related Terms

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Canter Resources (XCNQ:CRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canter Resources Corp (XCNQ:CRC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CNRCF:USA 6O1:Germany

Address

918-1030 West Georgia Street, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.canterresources.com

Canter Resources Corp's principal includes the exploration and development of base and precious mineral resources in British Columbia. The company's project includes the Columbus lithium-boron project. Puzzle Lake Gold Project, Santoy-Seabee mine complex in Saskatchewan, Canada and the Beaver Creek Property.

Executives

Joness Lang

Director, Senior Officer