Crestview Exploration (XCNQ:CRS) ROCE % : -25.54% (As of Feb. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Crestview 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. Crestview Exploration's annualized ROCE % for the quarter that ended in Feb. 2024 was -25.54%.

Crestview Exploration ROCE % Historical Data

The historical data trend for Crestview 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.

* Premium members only.

Crestview Exploration ROCE % Chart

Crestview Exploration Annual Data

Trend

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

ROCE %

Get a 7-Day Free Trial

-53.18

-122.67

-206.48

-48.89

-56.11

Crestview Exploration 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															-25.65	-29.17	-37.52	-109.86	-25.54

Crestview Exploration ROCE % Calculation

Crestview Exploration's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	-0.852	/	( ( (1.828 - 0.157)	+	(1.692 - 0.326) )	/ 2 )
	=	-0.852	/	( (1.671	+	1.366)	/ 2 )
	=	-0.852	/	1.5185
	=	-56.11 %

Crestview Exploration'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 )
	=	-0.34	/	( ( (1.692 - 0.326)	+	(1.74 - 0.444) )	/ 2 )
	=	-0.34	/	( ( 1.366	+	1.296 )	/ 2 )
	=	-0.34	/	1.331
	=	-25.54 %

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

Crestview Exploration (XCNQ:CRS) 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.

Crestview Exploration ROCE % Related Terms

Thank you for viewing the detailed overview of Crestview Exploration's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Crestview Exploration (XCNQ:CRS) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

CE7:Germany

Address

330 5th Avenue SW, Calgary, AB, CAN, T2P 0L3

Website

http://www.crestviewexploration.com

Crestview Exploration Inc is a technology-driven, well-funded and experienced exploration company focused on finding gold and silver deposits in mining-friendly jurisdictions. The Rock Creek, Divide, and Castile Mountain properties are situated in the Tuscarora Mountains of northern Elko County, Nevada. It has one operating segment, the sector of exploration and evaluation of mineral resources. The company's Tuscarora properties combined comprise a total of 101 unpatented lode mining claims, with 74 claims at Rock Creek, 19 claims at Divide, and 8 claims at Castile Mountain.

Executives

Christopher James Wensley

Director