Callinex Mines (TSXV:CNX) ROCE % : 0.18% (As of Dec. 2023)

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What is Callinex Mines 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. Callinex Mines's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.18%.

Callinex Mines ROCE % Historical Data

The historical data trend for Callinex Mines'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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Callinex Mines ROCE % Chart

Callinex Mines Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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-9.17

-5.07

-3.48

5.01

-1.99

Callinex Mines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-5.02	-1.56	-2.14	0.53	0.18

Callinex Mines ROCE % Calculation

Callinex Mines's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-0.761	/	( ( (35.654 - 0.716)	+	(42.098 - 0.464) )	/ 2 )
	=	-0.761	/	( (34.938	+	41.634)	/ 2 )
	=	-0.761	/	38.286
	=	-1.99 %

Callinex Mines'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 )
	=	0.076	/	( ( (42.098 - 0.464)	+	(41.664 - 0.377) )	/ 2 )
	=	0.076	/	( ( 41.634	+	41.287 )	/ 2 )
	=	0.076	/	41.4605
	=	0.18 %

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

Callinex Mines (TSXV:CNX) 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.

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Callinex Mines (TSXV:CNX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Callinex Mines Inc (TSXV:CNX) » Definitions » ROCE %

Comparable Companies

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CLLXF:USA CAXA:Germany

Address

1100 - 1199 West Hastings Street, Vancouver, BC, CAN, V6E 3T5

Website

https://www.callinex.ca

Callinex Mines Inc is a Canada-based company, which is engaged in the acquisition, exploration, and development of exploration and evaluation assets. It focuses on carrying out exploration activities in the Flin Flon, Point Leamington, Nash Creek, Superjack, and other projects.

Executives

Isaac Max Porterfield

Senior Officer