QC Copper and Gold (TSXV:QCCU) ROCE % : -24.45% (As of Jan. 2024)

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What is QC Copper and Gold 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. QC Copper and Gold's annualized ROCE % for the quarter that ended in Jan. 2024 was -24.45%.

QC Copper and Gold ROCE % Historical Data

The historical data trend for QC Copper and Gold'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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QC Copper and Gold ROCE % Chart

QC Copper and Gold Annual Data

Trend

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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-306.16

-59.67

-68.08

-61.51

-34.76

QC Copper and Gold Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-23.75	-22.02	-69.16	-23.27	-24.45

QC Copper and Gold ROCE % Calculation

QC Copper and Gold's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-4.978	/	( ( (16.837 - 0.319)	+	(12.383 - 0.262) )	/ 2 )
	=	-4.978	/	( (16.518	+	12.121)	/ 2 )
	=	-4.978	/	14.3195
	=	-34.76 %

QC Copper and Gold's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-3.012	/	( ( (12.383 - 0.262)	+	(12.677 - 0.163) )	/ 2 )
	=	-3.012	/	( ( 12.121	+	12.514 )	/ 2 )
	=	-3.012	/	12.3175
	=	-24.45 %

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

QC Copper and Gold (TSXV:QCCU) 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.

QC Copper and Gold ROCE % Related Terms

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QC Copper and Gold (TSXV:QCCU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » QC Copper and Gold Inc (TSXV:QCCU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

QCCUF:USA

Address

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

Website

https://www.qccopper.com

QC Copper and Gold Inc are engaged in the business activity is the exploration, development and production of exploration and evaluation assets in Canada. The company is involved in the project namely Roger and Opemiska.

Executives

Stephen Alexander Nelson Stewart

Director, Senior Officer

QC Copper and Gold (TSXV:QCCU) Headlines

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