Xcite Resources (XCNQ:XRI) ROCE % : -130.88% (As of Jan. 2024)

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What is Xcite 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. Xcite Resources's annualized ROCE % for the quarter that ended in Jan. 2024 was -130.88%.

Xcite Resources ROCE % Historical Data

The historical data trend for Xcite 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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Xcite Resources ROCE % Chart

Xcite Resources Annual Data

Trend

Oct21

Oct22

Oct23

ROCE %

-149.47

-246.55

Xcite Resources Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial							-405.33	-57.72	-76.92	-238.33	-130.88

Xcite Resources ROCE % Calculation

Xcite Resources'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 )
	=	-0.339	/	( ( (0.1 - 0.069)	+	(0.43 - 0.186) )	/ 2 )
	=	-0.339	/	( (0.031	+	0.244)	/ 2 )
	=	-0.339	/	0.1375
	=	-246.55 %

Xcite Resources'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 )
	=	-0.356	/	( ( (0.43 - 0.186)	+	(0.533 - 0.233) )	/ 2 )
	=	-0.356	/	( ( 0.244	+	0.3 )	/ 2 )
	=	-0.356	/	0.272
	=	-130.88 %

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

Xcite Resources (XCNQ:XRI) 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.

Xcite Resources ROCE % Related Terms

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Xcite Resources (XCNQ:XRI) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

1030 West Georgia Street, Suite 1910, Vancouver, BC, CAN, V6E 2Y3

Website

Xcite Resources Inc is a Canada-based mineral exploration company on its Turgeon Lake Property, located in the Province of Québec. It has one reportable segment, the exploration, and development of mineral property in the province of Quebec, Canada.

Executives

Carl Desjardins

10% Security Holder

Xcite Resources (XCNQ:XRI) Headlines

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