Ximen Mining (TSXV:XIM) ROCE % : -424.15% (As of Dec. 2023)

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What is Ximen Mining 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. Ximen Mining's annualized ROCE % for the quarter that ended in Dec. 2023 was -424.15%.

Ximen Mining ROCE % Historical Data

The historical data trend for Ximen Mining'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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Ximen Mining ROCE % Chart

Ximen Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-862.14

-361.30

-215.16

-207.60

-222.02

Ximen Mining 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															-184.77	-278.74	-380.76	-242.43	-424.15

Ximen Mining ROCE % Calculation

Ximen Mining's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-4.92	/	( ( (4.457 - 1.475)	+	(3.22 - 1.77) )	/ 2 )
	=	-4.92	/	( (2.982	+	1.45)	/ 2 )
	=	-4.92	/	2.216
	=	-222.02 %

Ximen Mining'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 )
	=	-4.004	/	( ( (2.973 - 1.76)	+	(2.363 - 1.688) )	/ 2 )
	=	-4.004	/	( ( 1.213	+	0.675 )	/ 2 )
	=	-4.004	/	0.944
	=	-424.15 %

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

Ximen Mining (TSXV:XIM) 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.

Ximen Mining ROCE % Related Terms

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Ximen Mining (TSXV:XIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ximen Mining Corp (TSXV:XIM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

XXMMF:USA 1XM:Germany

Address

888 Dunsmuir Street, Suite 888, Vancouver, BC, CAN, V6C 3K4

Website

https://www.ximenminingcorp.com

Ximen Mining Corp is a gold producer in southern British Columbia. The company is focused on the Kenville Gold Mine property near Nelson, British Columbia, and also developing the project into a small underground mine. The company holds an interest in the Brett Epithermal Gold Project, Gold Drop property, Treasure Mountain Silver Project, and Amelia Gold Mine.

Executives

Christopher Ross Anderson

Director

Ximen Mining (TSXV:XIM) Headlines

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