Canada Rare Earth (TSXV:LL) ROCE % : -30.77% (As of Dec. 2023)

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What is Canada Rare Earth 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. Canada Rare Earth's annualized ROCE % for the quarter that ended in Dec. 2023 was -30.77%.

Canada Rare Earth ROCE % Historical Data

The historical data trend for Canada Rare Earth'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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Canada Rare Earth ROCE % Chart

Canada Rare Earth Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-1,776.00

128.81

Canada Rare Earth 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															741.46	88.77	-76.74	-364.79	-30.77

Canada Rare Earth ROCE % Calculation

Canada Rare Earth's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	0.275	/	( ( (1.196 - 1.378)	+	(2.275 - 1.666) )	/ 2 )
	=	0.275	/	( (-0.182	+	0.609)	/ 2 )
	=	0.275	/	0.2135
	=	128.81 %

Canada Rare Earth'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 )
	=	-0.124	/	( ( (2.454 - 2.205)	+	(3.172 - 2.615) )	/ 2 )
	=	-0.124	/	( ( 0.249	+	0.557 )	/ 2 )
	=	-0.124	/	0.403
	=	-30.77 %

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

Canada Rare Earth (TSXV:LL) 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.

Canada Rare Earth ROCE % Related Terms

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Canada Rare Earth (TSXV:LL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canada Rare Earth Corp (TSXV:LL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

RAREF:USA

Address

650 West Georgia Street, Suite 2110, Vancouver, BC, CAN, V6B 4N8

Website

http://www.canadarareearth.com

Canada Rare Earth Corp is a Canada-based development stage company. The company is engaged in developing an integrated business within the rare earth industry from the initial mandate of acquiring and exploring mineral property interests. It's only reportable segment is the sale of oxides and rare earth concentrate. Geographically, it derives a majority of revenue from Asia.

Executives

Tracy Allin Moore

Director