Cosigo Resources (TSXV:CSG.H) ROCE % : 0.00% (As of Dec. 2023)

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What is Cosigo 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. Cosigo Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Cosigo Resources ROCE % Historical Data

The historical data trend for Cosigo 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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Cosigo Resources ROCE % Chart

Cosigo Resources Annual Data

Trend

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Dec23

ROCE %

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Cosigo Resources Quarterly Data
	Mar15	Jun15	Sep15	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
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Cosigo Resources ROCE % Calculation

Cosigo 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 )
	=	-0.383	/	( ( (0.01 - 0.28)	+	(0.223 - 0.351) )	/ 2 )
	=	-0.383	/	( (-0.27	+	-0.128)	/ 2 )
	=	-0.383	/	-0.199
	=	192.46 %

Cosigo 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 )
	=	-0.708	/	( ( (0.257 - 0.317)	+	(0.223 - 0.351) )	/ 2 )
	=	-0.708	/	( ( -0.06	+	-0.128 )	/ 2 )
	=	-0.708	/	-0.094
	=	0 %

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

Cosigo Resources (TSXV:CSG.H) 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.

Cosigo Resources ROCE % Related Terms

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Cosigo Resources (TSXV:CSG.H) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cosigo Resources Ltd (TSXV:CSG.H) » Definitions » ROCE %

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Address

3854 Cadboro Bay Road, Victoria, BC, CAN, V8N 4G4

Website

https://www.cosigo.com

Cosigo Resources Ltd is engaged in the exploration and development of mineral properties located in Canada, Brazil, and Colombia. Its projects include Machado, CN mineral project, Damian area and other projects.

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