Culpeo Minerals (ASX:CPO) ROCE % : -71.70% (As of Dec. 2023)

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What is Culpeo Minerals 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. Culpeo Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -71.70%.

Culpeo Minerals ROCE % Historical Data

The historical data trend for Culpeo Minerals'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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Culpeo Minerals ROCE % Chart

Culpeo Minerals Annual Data

Trend

Jun22

Jun23

ROCE %

-43.31

-75.05

Culpeo Minerals Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-36.02	-34.06	-37.62	-95.99	-71.70

Culpeo Minerals ROCE % Calculation

Culpeo Minerals'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 )
	=	-3.492	/	( ( (4.982 - 0.249)	+	(4.906 - 0.333) )	/ 2 )
	=	-3.492	/	( (4.733	+	4.573)	/ 2 )
	=	-3.492	/	4.653
	=	-75.05 %

Culpeo Minerals'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-2.864	/	( ( (4.906 - 0.333)	+	(3.704 - 0.288) )	/ 2 )
	=	-2.864	/	( ( 4.573	+	3.416 )	/ 2 )
	=	-2.864	/	3.9945
	=	-71.70 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Culpeo Minerals (ASX:CPO) 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.

Culpeo Minerals ROCE % Related Terms

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Culpeo Minerals (ASX:CPO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Culpeo Minerals Ltd (ASX:CPO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

152 – 158 St Georges Terrace, Level 48 Central Park, Perth, WA, AUS, 6000

Website

https://www.culpeominerals.com.au

Culpeo Minerals Ltd is a copper exploration and development company whose interests are focused on Chile. The company is concentrating on exploring potential high-grade copper systems in the coastal Cordillera region of Chile. It has two segments Exploration and evaluation and Corporate.

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