Cumberland Resources Nickel (XCNQ:LAND) ROCE % : -45.41% (As of Dec. 2023)

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What is Cumberland Resources Nickel 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. Cumberland Resources Nickel's annualized ROCE % for the quarter that ended in Dec. 2023 was -45.41%.

Cumberland Resources Nickel ROCE % Historical Data

The historical data trend for Cumberland Resources Nickel'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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Cumberland Resources Nickel ROCE % Chart

Cumberland Resources Nickel Annual Data

Trend

Sep21

Sep22

Sep23

ROCE %

-244.44

Cumberland Resources Nickel Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial							-16,244.44	-151.80	-93.02	-138.31	-45.41

Cumberland Resources Nickel ROCE % Calculation

Cumberland Resources Nickel's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-0.93	/	( ( (0.609 - 0.887)	+	(0.198 - 0.077) )	/ 2 )
	=	-0.93	/	( (-0.278	+	0.121)	/ 2 )
	=	-0.93	/	-0.0785
	=	1,184.71 %

Cumberland Resources Nickel'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 )
	=	-0.052	/	( ( (0.198 - 0.077)	+	(0.146 - 0.038) )	/ 2 )
	=	-0.052	/	( ( 0.121	+	0.108 )	/ 2 )
	=	-0.052	/	0.1145
	=	-45.41 %

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

Cumberland Resources Nickel (XCNQ:LAND) 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.

Cumberland Resources Nickel ROCE % Related Terms

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Cumberland Resources Nickel (XCNQ:LAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cumberland Resources Nickel Corp (XCNQ:LAND) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

833 Seymour Street, Suite 3606, Vancouver, BC, CAN, V6B 0G4

Website

Cumberland Resources Nickel Corp is focused on exploring and developing its mineral properties. It holds a 100% interest in the St. Anthony Property located in Newfoundland, Canada.