Mineral Road Discovery (XCNQ:ROAD) ROCE % : -43.12% (As of Nov. 2024)

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What is Mineral Road Discovery 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. Mineral Road Discovery's annualized ROCE % for the quarter that ended in Nov. 2024 was -43.12%.

Mineral Road Discovery ROCE % Historical Data

The historical data trend for Mineral Road Discovery'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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Mineral Road Discovery ROCE % Chart

Mineral Road Discovery Annual Data

Trend

May18

May19

May20

May21

May22

May23

May24

ROCE %

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-31.72

61.43

-13.12

-24.79

-25.94

Mineral Road Discovery Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
ROCE %	Get a 7-Day Free Trial															-35.34	-23.24	-28.39	-31.51	-43.12

Mineral Road Discovery ROCE % Calculation

Mineral Road Discovery's annualized ROCE % for the fiscal year that ended in May. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2024 )		(A: May. 2023 )		(A: May. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2024 )		(A: May. 2023 )		(A: May. 2024 )
	=	-1.259	/	( ( (6.825 - 1.054)	+	(5.04 - 1.105) )	/ 2 )
	=	-1.259	/	( (5.771	+	3.935)	/ 2 )
	=	-1.259	/	4.853
	=	-25.94 %

Mineral Road Discovery'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 )
	=	-2.292	/	( ( (5.596 - 1.126)	+	(7.569 - 1.407) )	/ 2 )
	=	-2.292	/	( ( 4.47	+	6.162 )	/ 2 )
	=	-2.292	/	5.316
	=	-43.12 %

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

Mineral Road Discovery (XCNQ:ROAD) 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.

Mineral Road Discovery ROCE % Related Terms

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Mineral Road Discovery Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mineral Road Discovery Inc (XCNQ:ROAD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

7C90:Germany

Address

2501-550 Burrard Street, Vancouver, BC, CAN, V6C 2B5

Website

https://www.crestresourcesinc.com

Mineral Road Discovery Inc formerly Crest Resources Inc is engaged in the acquisition and exploration of mineral property assets in Canada, Australia and Peru and the investment in mineral exploration and mining technology companies. Some of the properties of the company are Red Metal Ridge, Split Dome Copper, Chala Copper property, Arizona Project, Cleghorn, Mt. Peyton Extension, Jonathan's Pond, and Mount Peyton.

Executives

Damien Edward Reynolds	10% Security Holder
1459988 Bc Ltd	10% Security Holder
Christopher Huggins	Senior Officer
Garry Alfred Stock	Director
Sefton Fincham	Senior Officer
Bryce Clark	Senior Officer
Nicholas Richard Rodway	Senior Officer
Emma Fairhurst	10% Security Holder
John Michael William Collins	Director
Christopher Andrew Reynolds	Director or Senior Officer of 10% Security Holder
Christopher Reynolds	Director or Senior Officer of 10% Security Holder
Paul Valdimar John	10% Security Holder, Director