CGN Resources (ASX:CGR) ROCE % : -8.92% (As of Jun. 2023)

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What is CGN 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. CGN Resources's annualized ROCE % for the quarter that ended in Jun. 2023 was -8.92%.

CGN Resources ROCE % Historical Data

The historical data trend for CGN 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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CGN Resources ROCE % Chart

CGN Resources Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

-2,177.78

-8.92

CGN Resources Semi-Annual Data
	Jun21	Jun22	Jun23
ROCE %	-2,177.78	-	-8.92

CGN Resources ROCE % Calculation

CGN Resources'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 )
	=	-0.444	/	( ( (0.301 - 0.321)	+	(10.084 - 0.108) )	/ 2 )
	=	-0.444	/	( (-0.02	+	9.976)	/ 2 )
	=	-0.444	/	4.978
	=	-8.92 %

CGN Resources's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Jun. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Jun. 2022 )		(Q: Jun. 2023 )
	=	-0.444	/	( ( (0.301 - 0.321)	+	(10.084 - 0.108) )	/ 2 )
	=	-0.444	/	( ( -0.02	+	9.976 )	/ 2 )
	=	-0.444	/	4.978
	=	-8.92 %

(1) Note: The EBIT data used here is one times the annual (Jun. 2023) EBIT data.

CGN Resources (ASX:CGR) 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.

CGN Resources ROCE % Related Terms

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CGN Resources (ASX:CGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CGN Resources Ltd (ASX:CGR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Richardson Street, Suite 4, Perth, WA, AUS, 6005

Website

https://www.cgnresources.com.au

CGN Resources Ltd is an exploration-focused mining company targeting copper, nickel, and specialty metals in Western Australia's West Arunta Region. The Company's main objective is to provide a return to Shareholders through the successful exploration, discovery and development of high value base and precious metal resources.

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