Canadian Manganese Co (NEOE:CDMN) ROCE % : -10.52% (As of Mar. 2024)

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What is Canadian Manganese Co 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. Canadian Manganese Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -10.52%.

Canadian Manganese Co ROCE % Historical Data

The historical data trend for Canadian Manganese Co'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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Canadian Manganese Co ROCE % Chart

Canadian Manganese Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-3.04

-138.44

-11.75

-13.65

Canadian Manganese Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial												-13.31	-12.68	-10.74	-18.12	-10.52

Canadian Manganese Co ROCE % Calculation

Canadian Manganese Co'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 )
	=	-1.929	/	( ( (15.831 - 0.833)	+	(18.123 - 4.863) )	/ 2 )
	=	-1.929	/	( (14.998	+	13.26)	/ 2 )
	=	-1.929	/	14.129
	=	-13.65 %

Canadian Manganese Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-1.356	/	( ( (18.123 - 4.863)	+	(17.787 - 5.267) )	/ 2 )
	=	-1.356	/	( ( 13.26	+	12.52 )	/ 2 )
	=	-1.356	/	12.89
	=	-10.52 %

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

Canadian Manganese Co (NEOE:CDMN) 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.

Canadian Manganese Co ROCE % Related Terms

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Canadian Manganese Co (NEOE:CDMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canadian Manganese Co Inc (NEOE:CDMN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CDMNF:USA 4V9:Germany

Address

55 University Avenue, Suite 1805, Toronto, ON, CAN, M5J 2H7

Website

https://www.canadianmanganese.com

Canadian Manganese Co Inc is an exploration and development company focused on evaluating a manganese project in New Brunswick, Canada. The company is engaged in exploring and developing the Woodstock project to produce specialty manganese metals.

Executives

John Allan

Director

Canadian Manganese Co (NEOE:CDMN) Headlines

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