Quimbaya Gold (XCNQ:QIM) ROCE % : -56.98% (As of Dec. 2023)

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What is Quimbaya 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. Quimbaya Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -56.98%.

Quimbaya Gold ROCE % Historical Data

The historical data trend for Quimbaya 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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Quimbaya Gold ROCE % Chart

Quimbaya Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-109.41

-105.73

-46.25

Quimbaya Gold Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial							-149.14	-101.85	-194.64	-219.55	-56.98

Quimbaya Gold ROCE % Calculation

Quimbaya Gold'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 )
	=	-1.165	/	( ( (0.631 - 0.085)	+	(4.732 - 0.24) )	/ 2 )
	=	-1.165	/	( (0.546	+	4.492)	/ 2 )
	=	-1.165	/	2.519
	=	-46.25 %

Quimbaya Gold's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-1.576	/	( ( (1.069 - 0.029)	+	(4.732 - 0.24) )	/ 2 )
	=	-1.576	/	( ( 1.04	+	4.492 )	/ 2 )
	=	-1.576	/	2.766
	=	-56.98 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Quimbaya Gold (XCNQ:QIM) 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.

Quimbaya Gold ROCE % Related Terms

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Quimbaya Gold (XCNQ:QIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Quimbaya Gold Inc (XCNQ:QIM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

QIMGF:USA

Address

100 King Street W., Suite 6000, Toronto, ON, CAN, M5X 1E2

Website

https://www.quimbayagold.com

Quimbaya Gold Inc is engaged in the acquisition, exploration, and development of mineral properties in Colombia. The company holds interests in the Berrio project situated within the Segovia gold belt.

Executives

Jean-luc Peyrot

Director

Quimbaya Gold (XCNQ:QIM) Headlines

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