Crest Resources (XCNQ:CRES) ROCE % : -23.24% (As of Feb. 2024)

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What is Crest 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. Crest Resources's annualized ROCE % for the quarter that ended in Feb. 2024 was -23.24%.

Crest Resources ROCE % Historical Data

The historical data trend for Crest 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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Crest Resources ROCE % Chart

Crest Resources Annual Data

Trend

May18

May19

May20

May21

May22

May23

ROCE %

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-91.04

-31.72

61.43

-13.12

-24.79

Crest Resources Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-37.63	-52.30	-26.36	-35.34	-23.24

Crest Resources ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	-2.948	/	( ( (19.981 - 1.964)	+	(6.825 - 1.054) )	/ 2 )
	=	-2.948	/	( (18.017	+	5.771)	/ 2 )
	=	-2.948	/	11.894
	=	-24.79 %

Crest Resources's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-0.944	/	( ( (5.13 - 1.158)	+	(5.189 - 1.038) )	/ 2 )
	=	-0.944	/	( ( 3.972	+	4.151 )	/ 2 )
	=	-0.944	/	4.0615
	=	-23.24 %

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

Crest Resources (XCNQ:CRES) 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.

Crest Resources ROCE % Related Terms

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Crest Resources (XCNQ:CRES) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

CRSTF:USA

Address

733 Seymour Street, Suite 2900, P. O. Box 1, Vancouver Centre II, Vancouver, BC, CAN, V6B 0S6

Website

https://www.crestresourcesinc.com

Crest Resources Inc is engaged in the acquisition and exploration of mineral property assets in Canada, Australia and Peru and the investment in mineral exploration and mining technology companies. Some of the properties of the company are Red Metal Ridge, Split Dome Copper, Chala Copper property, Arizona Project, Cleghorn, Mt. Peyton Extension, Jonathan's Pond, and Mount Peyton.

Executives

Damien Edward Reynolds

10% Security Holder

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