Showcase Minerals (XCNQ:SHOW) ROCE % : -127.20% (As of Jan. 2024)

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What is Showcase 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. Showcase Minerals's annualized ROCE % for the quarter that ended in Jan. 2024 was -127.20%.

Showcase Minerals ROCE % Historical Data

The historical data trend for Showcase 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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Showcase Minerals ROCE % Chart

Showcase Minerals Annual Data

Trend

Oct21

Oct22

Oct23

ROCE %

-50.23

-65.31

-70.13

Showcase Minerals Quarterly Data
	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial					-380.08	-14.81	-119.81	-86.54	-127.20

Showcase Minerals ROCE % Calculation

Showcase Minerals's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-0.446	/	( ( (0.294 - 0.02)	+	(1.029 - 0.031) )	/ 2 )
	=	-0.446	/	( (0.274	+	0.998)	/ 2 )
	=	-0.446	/	0.636
	=	-70.13 %

Showcase Minerals's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-1.52	/	( ( (1.029 - 0.031)	+	(1.422 - 0.03) )	/ 2 )
	=	-1.52	/	( ( 0.998	+	1.392 )	/ 2 )
	=	-1.52	/	1.195
	=	-127.20 %

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

Showcase Minerals (XCNQ:SHOW) 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.

Showcase Minerals ROCE % Related Terms

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Showcase Minerals (XCNQ:SHOW) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

ZJ0:Germany ZJ0:Germany

Address

741 Harbourfront Drive North East, Salmon Arm, BC, CAN, V1E 3L4

Website

Showcase Minerals Inc is engaged in the business of mineral property exploration and development. The company holds the exclusive option to acquire a 100% interest in the Dixie Flats Claims, the North Star Claims, and the Woodruff Claims (collectively, the "Properties"), which are respectively subject to net smelters returns royalties ranging from 2.25% to 4.25%. It has one reportable segment, the exploration and development of mineral property in the State of Nevada, USA.

Executives

Bruno Christian Fruscalzo

Senior Officer

Showcase Minerals (XCNQ:SHOW) Headlines

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