Cameo Resources (XCNQ:MEO) ROCE % : -38.15% (As of Nov. 2024)

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What is Cameo Resources 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. Cameo Resources's annualized ROCE % for the quarter that ended in Nov. 2024 was -38.15%.

Cameo Resources ROCE % Historical Data

The historical data trend for Cameo Resources'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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Cameo Resources ROCE % Chart

Cameo Resources Annual Data

Trend

Aug17

Aug18

Aug19

Aug21

Aug22

Aug23

Aug24

ROCE %

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-212.04

-42.33

-64.29

-145.18

-107.53

Cameo Resources Quarterly Data
	Aug17	May18	Aug18	May19	Aug19	May20	Aug21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
ROCE %	Get a 7-Day Free Trial														-41.03	-95.87	-102.91	-253.99	-38.15

Cameo Resources ROCE % Calculation

Cameo Resources'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 )
	=	-0.3	/	( ( (0.334 - 0.139)	+	(0.736 - 0.373) )	/ 2 )
	=	-0.3	/	( (0.195	+	0.363)	/ 2 )
	=	-0.3	/	0.279
	=	-107.53 %

Cameo Resources'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 )
	=	-0.132	/	( ( (0.736 - 0.373)	+	(0.739 - 0.41) )	/ 2 )
	=	-0.132	/	( ( 0.363	+	0.329 )	/ 2 )
	=	-0.132	/	0.346
	=	-38.15 %

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

Cameo Resources (XCNQ:MEO) 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.

Cameo Resources ROCE % Related Terms

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Cameo Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cameo Resources Inc (XCNQ:MEO) » Definitions » ROCE %

Comparable Companies

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N/A

Address

5623 145A Street, Surrey, BC, CAN, V3S 8E3

Website

Cameo Resources Inc is a mineral exploration company. The business objective of the company is to identify, evaluate, acquire, and explore mineral properties for the purposes of identifying a mineral resource deposit at its flagship Nevada Project, as well as any other mineral properties that the company may acquire an interest in from time to time subsequent to the date hereof.

Executives

Casey Lewis

Director

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