Canamera Energy Metals (XCNQ:EMET) ROCE % : -17.78% (As of Jul. 2024)

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What is Canamera Energy Metals 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. Canamera Energy Metals's annualized ROCE % for the quarter that ended in Jul. 2024 was -17.78%.

Canamera Energy Metals ROCE % Historical Data

The historical data trend for Canamera Energy Metals'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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Canamera Energy Metals ROCE % Chart

Canamera Energy Metals Annual Data

Trend

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

ROCE %

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-29.18

-16.31

-14.83

-51.26

-25.07

Canamera Energy Metals Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
ROCE %	Get a 7-Day Free Trial															-21.95	-23.16	-19.94	-35.61	-17.78

Canamera Energy Metals ROCE % Calculation

Canamera Energy Metals's annualized ROCE % for the fiscal year that ended in Apr. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2024 )		(A: Apr. 2023 )		(A: Apr. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2024 )		(A: Apr. 2023 )		(A: Apr. 2024 )
	=	-0.046	/	( ( (0.27 - 0.064)	+	(0.218 - 0.057) )	/ 2 )
	=	-0.046	/	( (0.206	+	0.161)	/ 2 )
	=	-0.046	/	0.1835
	=	-25.07 %

Canamera Energy Metals's ROCE % of for the quarter that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	-0.028	/	( ( (0.218 - 0.057)	+	(0.209 - 0.055) )	/ 2 )
	=	-0.028	/	( ( 0.161	+	0.154 )	/ 2 )
	=	-0.028	/	0.1575
	=	-17.78 %

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

Canamera Energy Metals (XCNQ:EMET) 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.

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Canamera Energy Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canamera Energy Metals Corp (XCNQ:EMET) » Definitions » ROCE %

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Address

1030 West Georgia Street, Suite 710, Vancouver, BC, CAN, V6E 2Y3

Website

Canamera Energy Metals Corp is a resource exploration company that is acquiring and exploring mineral properties. The company is focused on the exploration of its Mantle Property in British Columbia. It has one reportable operating segment, being the acquisition and exploration of mineral properties in Canada.

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