Cruz Battery Metals (XCNQ:CRUZ) ROCE % : -21.06% (As of Jan. 2024)

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What is Cruz Battery Metals 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. Cruz Battery Metals's annualized ROCE % for the quarter that ended in Jan. 2024 was -21.06%.

Cruz Battery Metals ROCE % Historical Data

The historical data trend for Cruz Battery Metals'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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Cruz Battery Metals ROCE % Chart

Cruz Battery Metals Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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-17.81

-23.45

-26.06

-45.37

-46.37

Cruz Battery Metals 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															-55.40	-25.09	-19.70	-25.00	-21.06

Cruz Battery Metals ROCE % Calculation

Cruz Battery Metals's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	-1.995	/	( ( (3.34 - 0.297)	+	(5.885 - 0.324) )	/ 2 )
	=	-1.995	/	( (3.043	+	5.561)	/ 2 )
	=	-1.995	/	4.302
	=	-46.37 %

Cruz Battery Metals'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 )
	=	-1.128	/	( ( (5.767 - 0.321)	+	(5.533 - 0.266) )	/ 2 )
	=	-1.128	/	( ( 5.446	+	5.267 )	/ 2 )
	=	-1.128	/	5.3565
	=	-21.06 %

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

Cruz Battery Metals (XCNQ:CRUZ) 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.

Cruz Battery Metals ROCE % Related Terms

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Cruz Battery Metals (XCNQ:CRUZ) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cruz Battery Metals Corp (XCNQ:CRUZ) » Definitions » ROCE %

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BKTPF:USA BR00:Germany

Address

700 West Georgia Street, Suite 2905, Vancouver, BC, CAN, V7Y1K8

Website

https://www.cruzbatterymetals.com

Cruz Battery Metals Corp is an exploration company. Its principal business activities include acquiring and developing high-quality battery metals projects in ethical mining jurisdictions, essential for the rechargeable battery and renewable energy sectors. The projects of the company include War Eagle Cobalt, Diamond Project, Hector Cobalt Prospect, Other Cobalt Prospects, Yukon Quartz Claims, Idaho Cobal Belt Project, Idaho Star Cobalt Prospect, Nevada Clayton Valley W. Lithium Property, and Nevada Solar Lithium Project. The company operates in USA and Canada.