Steadright Critical Minerals (XCNQ:SCM) ROCE % : 0.00% (As of Sep. 2024)

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What is Steadright Critical Minerals 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. Steadright Critical Minerals's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

Steadright Critical Minerals ROCE % Historical Data

The historical data trend for Steadright Critical Minerals'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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Steadright Critical Minerals ROCE % Chart

Steadright Critical Minerals Annual Data

Trend

Mar22

Mar23

Mar24

ROCE %

-210.69

-313.44

-1,220.00

Steadright Critical Minerals Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial								308.85	-43.37	-1,200.87	-	-

Steadright Critical Minerals ROCE % Calculation

Steadright Critical Minerals's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-0.549	/	( ( (0.282 - 0.069)	+	(0.063 - 0.186) )	/ 2 )
	=	-0.549	/	( (0.213	+	-0.123)	/ 2 )
	=	-0.549	/	0.045
	=	-1,220.00 %

Steadright Critical Minerals's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-1.64	/	( ( (0.151 - 0.147)	+	(0.02 - 0.101) )	/ 2 )
	=	-1.64	/	( ( 0.004	+	-0.081 )	/ 2 )
	=	-1.64	/	-0.0385
	=	0 %

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

Steadright Critical Minerals (XCNQ:SCM) 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.

Steadright Critical Minerals ROCE % Related Terms

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Steadright Critical Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Steadright Critical Minerals Inc (XCNQ:SCM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Crescent Road, Suite 216, Huntsville, ON, CAN, P1H 1Z6

Website

https://www.steadright.ca

Steadright Critical Minerals Inc is a mining exploration company. The company is engaged in the exploration and evaluation of mineral properties. It explores nickel, copper cobalt, and PGE (Platinum Group Elements) minerals. The company has a focus on the RAM project located within the Province of Quebec.

Executives