Zeus North America Mining (XCNQ:ZEUS) ROCE % : -41.03% (As of Oct. 2023)

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What is Zeus North America 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. Zeus North America Mining's annualized ROCE % for the quarter that ended in Oct. 2023 was -41.03%.

Zeus North America Mining ROCE % Historical Data

The historical data trend for Zeus North America 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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Zeus North America Mining ROCE % Chart

Zeus North America Mining Annual Data

Trend

Oct21

Oct22

Oct23

ROCE %

-157.69

Zeus North America Mining Quarterly Data
	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
ROCE %	Get a 7-Day Free Trial				-428.57	-98.94	-46.82	-48.91	-41.03

Zeus North America Mining ROCE % Calculation

Zeus North America Mining's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-0.082	/	( ( (0.098 - 0.084)	+	(0.351 - 0.261) )	/ 2 )
	=	-0.082	/	( (0.014	+	0.09)	/ 2 )
	=	-0.082	/	0.052
	=	-157.69 %

Zeus North America Mining's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	-0.04	/	( ( (0.317 - 0.212)	+	(0.351 - 0.261) )	/ 2 )
	=	-0.04	/	( ( 0.105	+	0.09 )	/ 2 )
	=	-0.04	/	0.0975
	=	-41.03 %

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

Zeus North America Mining (XCNQ:ZEUS) 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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Zeus North America Mining (XCNQ:ZEUS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zeus North America Mining Corp (XCNQ:ZEUS) » Definitions » ROCE %

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Traded in Other Exchanges

ZUUZF:USA

Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C2T7

Website

Umdoni Exploration Inc is a Canada-based company. The Company operates in one reportable operating segment, being the acquisition and exploration of mineral properties in Canada.