Cascadia Minerals (Cascadia Minerals) ROCE % : -170.01% (As of Dec. 2023)

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What is Cascadia 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. Cascadia Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -170.01%.

Cascadia Minerals ROCE % Historical Data

The historical data trend for Cascadia 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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Cascadia Minerals ROCE % Chart

Cascadia Minerals Annual Data

Trend

Dec22

Dec23

ROCE %

-441.56

-413.68

Cascadia Minerals Quarterly Data
	Sep22	Dec22	Jun23	Sep23	Dec23
ROCE %	-	-207.79	-	-414.17	-170.01

Cascadia Minerals ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-3.841	/	( ( (0.378 - 0.07)	+	(1.679 - 0.13) )	/ 2 )
	=	-3.841	/	( (0.308	+	1.549)	/ 2 )
	=	-3.841	/	0.9285
	=	-413.68 %

Cascadia Minerals's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-3.044	/	( ( (2.681 - 0.649)	+	(1.679 - 0.13) )	/ 2 )
	=	-3.044	/	( ( 2.032	+	1.549 )	/ 2 )
	=	-3.044	/	1.7905
	=	-170.01 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Cascadia Minerals (OTCPK:CAMNF) 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.

Cascadia Minerals ROCE % Related Terms

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Cascadia Minerals (Cascadia Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cascadia Minerals Ltd (OTCPK:CAMNF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CAM:Canada

Address

409 Granville Street, Suite 1500, Vancouver, BC, CAN, V6C 1T2

Website

https://www.cascadiaminerals.com

Cascadia Minerals Ltd is a new Canadian exploration company focused on exploring for copper and gold in Yukon and British Columbia. The company is planning a maiden drill program at its flagship Catch Property this summer, targeting high-grade copper and gold mineralization.

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