Caprock Mining (XCNQ:CAPR) ROCE % : -18.69% (As of Feb. 2024)

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What is Caprock Mining 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. Caprock Mining's annualized ROCE % for the quarter that ended in Feb. 2024 was -18.69%.

Caprock Mining ROCE % Historical Data

The historical data trend for Caprock Mining'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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Caprock Mining ROCE % Chart

Caprock Mining Annual Data

Trend

Aug21

Aug22

Aug23

ROCE %

-39.45

-49.26

-24.32

Caprock Mining Quarterly Data
	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial									-31.22	-18.02	-20.96	-30.53	-18.69

Caprock Mining ROCE % Calculation

Caprock Mining's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-0.58	/	( ( (2.746 - 0.125)	+	(2.362 - 0.213) )	/ 2 )
	=	-0.58	/	( (2.621	+	2.149)	/ 2 )
	=	-0.58	/	2.385
	=	-24.32 %

Caprock Mining'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 )
	=	-0.368	/	( ( (2.226 - 0.235)	+	(2.193 - 0.246) )	/ 2 )
	=	-0.368	/	( ( 1.991	+	1.947 )	/ 2 )
	=	-0.368	/	1.969
	=	-18.69 %

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

Caprock Mining (XCNQ:CAPR) 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.

Caprock Mining ROCE % Related Terms

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Caprock Mining (XCNQ:CAPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Caprock Mining Corp (XCNQ:CAPR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 King Street West, Suite 2905, Toronto, ON, CAN, M5K 1H1

Website

https://www.caprockmining.com

Caprock Mining Corp is a mineral exploration and mining company. The company's primary business objectives of the company are to create a diversified portfolio of property holdings and achieve growth through the acquisition of additional mineral properties. The company is having several projects such as Minorlake, Greenoaks, Mud Lake, Golden Heart, Brookbank, and Three Tower.