Churchill Resources (TSXV:CRI) ROCE % : -186.10% (As of Feb. 2024)

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What is Churchill 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. Churchill Resources's annualized ROCE % for the quarter that ended in Feb. 2024 was -186.10%.

Churchill Resources ROCE % Historical Data

The historical data trend for Churchill 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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Churchill Resources ROCE % Chart

Churchill Resources Annual Data

Trend

Aug21

Aug22

Aug23

ROCE %

-135.31

-170.42

-123.39

Churchill Resources Quarterly Data
	May20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial										-75.99	-52.25	-192.34	-314.08	-186.10

Churchill Resources ROCE % Calculation

Churchill Resources'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 )
	=	-3.068	/	( ( (3.661 - 0.836)	+	(2.844 - 0.696) )	/ 2 )
	=	-3.068	/	( (2.825	+	2.148)	/ 2 )
	=	-3.068	/	2.4865
	=	-123.39 %

Churchill Resources'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 )
	=	-4.952	/	( ( (4.021 - 0.736)	+	(2.993 - 0.956) )	/ 2 )
	=	-4.952	/	( ( 3.285	+	2.037 )	/ 2 )
	=	-4.952	/	2.661
	=	-186.10 %

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

Churchill Resources (TSXV:CRI) 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.

Churchill Resources ROCE % Related Terms

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Churchill Resources (TSXV:CRI) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

133 Richmond Street West, Suite 505, Toronto, BC, CAN, M5H 2L3

Website

https://www.churchilldiamonds.com

Churchill Resources Inc is an Operator of a metals and minerals exploration company focused on high-grade nickel sulfide and diamond projects. The Company holds four exploration projects the Taylor Brook and Florence Lake Nickel Projects in Newfoundland and Labrador, Pelly Bay in Nunavut and White River in Ontario. It has mineralized Nickel-Copper-Cobalt showings at Taylor Brook, Florence Lake, and Pelly Bay, and diamondiferous kimberlites intrusive at White River and Pelly Bay.

Executives

Conan Mcintyre

Director