Clean Air Metals (Clean Air Metals) ROCE % : -7.99% (As of Oct. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Clean Air Metals 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. Clean Air Metals's annualized ROCE % for the quarter that ended in Oct. 2023 was -7.99%.

Clean Air Metals ROCE % Historical Data

The historical data trend for Clean Air Metals'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.

* Premium members only.

Clean Air Metals ROCE % Chart

Clean Air Metals Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

ROCE %

-32.68

-116.79

-8.29

-5.78

-11.04

Clean Air Metals Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
ROCE %	Get a 7-Day Free Trial															-9.05	-20.15	-7.64	-8.01	-7.99

Clean Air Metals ROCE % Calculation

Clean Air Metals's annualized ROCE % for the fiscal year that ended in Jan. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	-3.119	/	( ( (27.776 - 2.337)	+	(31.508 - 0.465) )	/ 2 )
	=	-3.119	/	( (25.439	+	31.043)	/ 2 )
	=	-3.119	/	28.241
	=	-11.04 %

Clean Air Metals's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	-2.376	/	( ( (30.716 - 0.148)	+	(29.066 - 0.137) )	/ 2 )
	=	-2.376	/	( ( 30.568	+	28.929 )	/ 2 )
	=	-2.376	/	29.7485
	=	-7.99 %

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

Clean Air Metals (OTCPK:CLRMF) 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.

Clean Air Metals ROCE % Related Terms

Thank you for viewing the detailed overview of Clean Air Metals's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Clean Air Metals (Clean Air Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Clean Air Metals Inc (OTCPK:CLRMF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AIR:Canada

Address

100 King Street West, Suite 3400, Toronto, ON, CAN, M5X 1A4

Website

https://www.cleanairmetals.ca

Clean Air Metals Inc is engaged in mineral exploration and evaluation. The projects of the company include Thunder Bay North Property, Located approximately 50km northeast of the city of Thunder Bay, within the Thunder Bay Mining Division, in Ontario, Canada and Triple Flag Net Smelter Royalty.