Carbine Resources (ASX:CRB) ROCE % : -17.98% (As of Jun. 2023)

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What is Carbine 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. Carbine Resources's annualized ROCE % for the quarter that ended in Jun. 2023 was -17.98%.

Carbine Resources ROCE % Historical Data

The historical data trend for Carbine 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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Carbine Resources ROCE % Chart

Carbine Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-20.73

-20.87

-25.23

-14.43

-13.90

Carbine Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-39.27	-16.35	-12.56	-17.98	-9.34

Carbine Resources ROCE % Calculation

Carbine Resources's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-1.352	/	( ( (9.834 - 0.106)	+	(9.768 - 0.047) )	/ 2 )
	=	-1.352	/	( (9.728	+	9.721)	/ 2 )
	=	-1.352	/	9.7245
	=	-13.90 %

Carbine 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: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-1.78	/	( ( (9.834 - 0.106)	+	(10.153 - 0.086) )	/ 2 )
	=	-1.78	/	( ( 9.728	+	10.067 )	/ 2 )
	=	-1.78	/	9.8975
	=	-17.98 %

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

Carbine Resources (ASX:CRB) 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.

Carbine Resources ROCE % Related Terms

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Carbine Resources (ASX:CRB) Business Description

Industry

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

Comparable Companies

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N/A

Address

513 Hay Street, Suite 23, Subiaco, Perth, WA, AUS, 6008

Website

https://www.carbineresources.com.au

Carbine Resources Ltd is engaged in mineral exploration and development in Australia. The Group has one reportable segment that is mineral exploration and evaluation. Its project includes Muchea West Silica Sands Project in Western Australia.

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