Capella Minerals (TSXV:CMIL) ROCE % : -35.47% (As of Feb. 2024)

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What is Capella 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. Capella Minerals's annualized ROCE % for the quarter that ended in Feb. 2024 was -35.47%.

Capella Minerals ROCE % Historical Data

The historical data trend for Capella 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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Capella Minerals ROCE % Chart

Capella Minerals Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

ROCE %

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-44.76

-326.70

62.05

-43.43

-29.59

Capella Minerals Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-17.47	-29.25	-16.85	-19.09	-35.47

Capella Minerals ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	-1.442	/	( ( (4.631 - 0.311)	+	(6.568 - 1.142) )	/ 2 )
	=	-1.442	/	( (4.32	+	5.426)	/ 2 )
	=	-1.442	/	4.873
	=	-29.59 %

Capella Minerals's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-2.068	/	( ( (7.198 - 1.154)	+	(6.941 - 1.326) )	/ 2 )
	=	-2.068	/	( ( 6.044	+	5.615 )	/ 2 )
	=	-2.068	/	5.8295
	=	-35.47 %

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

Capella Minerals (TSXV:CMIL) 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.

Capella Minerals ROCE % Related Terms

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Capella Minerals (TSXV:CMIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Capella Minerals Ltd (TSXV:CMIL) » Definitions » ROCE %

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CMILF:USA

Address

8681 Clay Street, Mission, BC, CAN, V4S 1E7

Website

https://www.capellaminerals.com

Capella Minerals Ltd engages in the acquisition, exploration, and development of base and battery metals projects in Scandinavia (copper-cobalt projects in Norway and lithium-rare earth element projects in central Finland) together with copper-gold projects in northern Finland. In addition, the Company also retains exposure to exploration success in precious metals projects through two gold Joint Ventures in Canada and a silver-gold Joint Venture in Argentina.

Executives

Eric Roth

Director, Senior Officer

Capella Minerals (TSXV:CMIL) Headlines

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