Cheetah Canyon Resources (Cheetah Canyon Resources) ROCE % : 0.00% (As of Sep. 2018)

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What is Cheetah Canyon 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. Cheetah Canyon Resources's annualized ROCE % for the quarter that ended in Sep. 2018 was 0.00%.

Cheetah Canyon Resources ROCE % Historical Data

The historical data trend for Cheetah Canyon 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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Cheetah Canyon Resources ROCE % Chart

Cheetah Canyon Resources Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

ROCE %

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-43.06

-120.37

-133.57

-1,107.80

Cheetah Canyon Resources Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Cheetah Canyon Resources ROCE % Calculation

Cheetah Canyon Resources's annualized ROCE % for the fiscal year that ended in Dec. 2017 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	-0.521	/	( ( (0.007 - 1.524)	+	(0.054 - 1.322) )	/ 2 )
	=	-0.521	/	( (-1.517	+	-1.268)	/ 2 )
	=	-0.521	/	-1.3925
	=	37.41 %

Cheetah Canyon Resources's ROCE % of for the quarter that ended in Sep. 2018 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2018 )		(Q: Jun. 2018 )		(Q: Sep. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2018 )		(Q: Jun. 2018 )		(Q: Sep. 2018 )
	=	-0.392	/	( ( (0.126 - 1.322)	+	(0.092 - 1.39) )	/ 2 )
	=	-0.392	/	( ( -1.196	+	-1.298 )	/ 2 )
	=	-0.392	/	-1.247
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2018) EBIT data.

Cheetah Canyon Resources (OTCPK:CRRDF) 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.

Cheetah Canyon Resources ROCE % Related Terms

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Cheetah Canyon Resources (Cheetah Canyon Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cheetah Canyon Resources Corp (OTCPK:CRRDF) » Definitions » ROCE %

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Address

3920 Delbrook Avenue, North Vancouver, BC, CAN, V7N 3Z8

Website

http://www.cardiffenergy.com

Cheetah Canyon Resources Corp engages in acquisition, exploration, development, and production of oil and gas reserves in the United States. The two geographical segments of the Company are Canada and the United States. Its projects include Garvin County Project, and Lincoln County Project.

Cheetah Canyon Resources (Cheetah Canyon Resources) Headlines

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