Corcel Exploration (XCNQ:CRCL) ROCE % : -32.56% (As of Mar. 2024)

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What is Corcel Exploration 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. Corcel Exploration's annualized ROCE % for the quarter that ended in Mar. 2024 was -32.56%.

Corcel Exploration ROCE % Historical Data

The historical data trend for Corcel Exploration'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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Corcel Exploration ROCE % Chart

Corcel Exploration Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

-281.97

-102.58

-30.21

Corcel Exploration Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									-19.26	-22.65	-113.17	-28.73	-32.56

Corcel Exploration ROCE % Calculation

Corcel Exploration'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 )
	=	-0.116	/	( ( (0.476 - 0.034)	+	(0.349 - 0.023) )	/ 2 )
	=	-0.116	/	( (0.442	+	0.326)	/ 2 )
	=	-0.116	/	0.384
	=	-30.21 %

Corcel Exploration'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 )
	=	-0.084	/	( ( (0.279 - 0.011)	+	(0.264 - 0.016) )	/ 2 )
	=	-0.084	/	( ( 0.268	+	0.248 )	/ 2 )
	=	-0.084	/	0.258
	=	-32.56 %

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

Corcel Exploration (XCNQ:CRCL) 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.

Corcel Exploration ROCE % Related Terms

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Corcel Exploration (XCNQ:CRCL) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

335 - 1632 Dickson Avenue, Kelowna, BC, CAN, V1Y 7T2

Website

Corcel Exploration Inc is engaged in mineral exploration, focusing initially on the exploration and development of the Corporation's principal property in British Columbia, Canada.

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