Greenridge Exploration (XCNQ:GXP) ROCE % : -32.76% (As of Nov. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Greenridge 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. Greenridge Exploration's annualized ROCE % for the quarter that ended in Nov. 2024 was -32.76%.

Greenridge Exploration ROCE % Historical Data

The historical data trend for Greenridge 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.

Greenridge Exploration ROCE % Chart

Greenridge Exploration Annual Data

Trend

Aug23

Aug24

ROCE %

-100.69

Greenridge Exploration Quarterly Data
	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
ROCE %	Get a 7-Day Free Trial			-53.03	-283.66	-317.75	-75.61	-32.76

Greenridge Exploration ROCE % Calculation

Greenridge Exploration's annualized ROCE % for the fiscal year that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	-2.856	/	( ( (0.683 - 0.023)	+	(6.142 - 1.129) )	/ 2 )
	=	-2.856	/	( (0.66	+	5.013)	/ 2 )
	=	-2.856	/	2.8365
	=	-100.69 %

Greenridge Exploration's ROCE % of for the quarter that ended in Nov. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	-2.032	/	( ( (6.142 - 1.129)	+	(7.645 - 0.252) )	/ 2 )
	=	-2.032	/	( ( 5.013	+	7.393 )	/ 2 )
	=	-2.032	/	6.203
	=	-32.76 %

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

Greenridge Exploration (XCNQ:GXP) 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.

Greenridge Exploration ROCE % Related Terms

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

Greenridge Exploration Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

HW3:Germany

Address

997 Seymour Street, Suite 250, Vancouver, BC, CAN, V6B 3M1

Website

https://greenridge-exploration.com

Greenridge Exploration Inc is engaged in acquisition and exploration of mineral property in Canada and its objective is to locate and, if warranted, develop economic mineral properties. It holds interest in Weyman Property; Nut Lake Property; Carpenter Lake Property; Snook and Ranger Lake Properties.

Executives

James Russell Starr	Senior Officer
Mandeep Parmar	Director

Greenridge Exploration Headlines

From GuruFocus

Great Plains Energy Inc. Reports Operating Results (10-Q)

By gurufocus 10qk • 10-29-2009

Great Plains Energy Inc. Reports Operating Results (10-Q)

By gurufocus 10qk • 08-05-2010

Great Plains Energy Inc. Reports Operating Results (10-Q)

By gurufocus 10qk • 05-06-2010

Great Plains Energy Inc. (GXP) CFO James C Shay buys 1,250 Shares

By GuruFocus Research GuruFocus Editor • 11-04-2010

Great Plains Energy Inc. (GXP) CFO James C Shay buys 1,250 Shares

By GuruFocus Research GuruFocus Editor • 08-20-2010

Great Plains Energy Inc. Reports Operating Results (10-Q)

By gurufocus 10qk • 10-28-2010