CMX Gold & Silver (XCNQ:CXC) ROCE % : -104.16% (As of Dec. 2023)

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What is CMX Gold & Silver 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. CMX Gold & Silver's annualized ROCE % for the quarter that ended in Dec. 2023 was -104.16%.

CMX Gold & Silver ROCE % Historical Data

The historical data trend for CMX Gold & Silver'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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CMX Gold & Silver ROCE % Chart

CMX Gold & Silver Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-138.52

-67.40

CMX Gold & Silver Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-88.55	-67.35	-28.07	-77.01	-104.16

CMX Gold & Silver ROCE % Calculation

CMX Gold & Silver's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-0.306	/	( ( (0.795 - 0.216)	+	(0.681 - 0.352) )	/ 2 )
	=	-0.306	/	( (0.579	+	0.329)	/ 2 )
	=	-0.306	/	0.454
	=	-67.40 %

CMX Gold & Silver'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 )
	=	-0.388	/	( ( (0.699 - 0.283)	+	(0.681 - 0.352) )	/ 2 )
	=	-0.388	/	( ( 0.416	+	0.329 )	/ 2 )
	=	-0.388	/	0.3725
	=	-104.16 %

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

CMX Gold & Silver (XCNQ:CXC) 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.

CMX Gold & Silver ROCE % Related Terms

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CMX Gold & Silver (XCNQ:CXC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CMX Gold & Silver Corp (XCNQ:CXC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CXXMF:USA

Address

31 Stranraer Place SW, Calgary, AB, CAN, T3H 1H5

Website

https://www.cmxgoldandsilver.com

CMX Gold & Silver Corp is engaged in mineral exploration. The company is a junior mining company with a silver-lead-zinc property in the United States of America. Its geographical segments are Canada and the United States.

Executives

Lossie Alston	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Ron Otsig	10% Security Holder
Brinkton Corporation	Deemed Insider - 6 Months before becoming Insider
Glen Robert Alston	Senior Officer

CMX Gold & Silver (XCNQ:CXC) Headlines

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