Canadian North Resources (TSXV:CNRI) ROCE % : -12.06% (As of Dec. 2023)

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What is Canadian North Resources 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. Canadian North Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -12.06%.

Canadian North Resources ROCE % Historical Data

The historical data trend for Canadian North Resources'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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Canadian North Resources ROCE % Chart

Canadian North Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-11.73

-11.47

-14.38

-7.63

Canadian North Resources Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial								1.78	-7.11	3.92	-16.80	-12.06

Canadian North Resources ROCE % Calculation

Canadian North Resources'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 )
	=	-3.062	/	( ( (34.643 - 3.51)	+	(50.175 - 1.071) )	/ 2 )
	=	-3.062	/	( (31.133	+	49.104)	/ 2 )
	=	-3.062	/	40.1185
	=	-7.63 %

Canadian North Resources'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 )
	=	-5.548	/	( ( (47.432 - 4.555)	+	(50.175 - 1.071) )	/ 2 )
	=	-5.548	/	( ( 42.877	+	49.104 )	/ 2 )
	=	-5.548	/	45.9905
	=	-12.06 %

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

Canadian North Resources (TSXV:CNRI) 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.

Canadian North Resources ROCE % Related Terms

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Canadian North Resources (TSXV:CNRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canadian North Resources Inc (TSXV:CNRI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CNRSF:USA

Address

299 Courtneypark Dr. E, 3rd Floor, Mississauga, ON, CAN

Website

https://www.cnresources.com

Canadian North Resources Inc is a Canadian mining exploration and development company that owns an interest in the Ferguson Lake mining property in the Kivalliq Region of Nunavut, Canada.

Executives

Michael Weeks	Director
David Richard Brown	Director

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