Castile Resources (ASX:CST) ROCE % : -3.81% (As of Dec. 2023)

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What is Castile 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. Castile Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.81%.

Castile Resources ROCE % Historical Data

The historical data trend for Castile 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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Castile Resources ROCE % Chart

Castile Resources Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

-1.97

-4.55

-8.67

-5.13

Castile Resources Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-4.80	-12.55	-4.35	-5.49	-3.81

Castile Resources ROCE % Calculation

Castile 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 )
	=	-1.711	/	( ( (33.289 - 1.771)	+	(36.201 - 0.986) )	/ 2 )
	=	-1.711	/	( (31.518	+	35.215)	/ 2 )
	=	-1.711	/	33.3665
	=	-5.13 %

Castile Resources'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 )
	=	-1.328	/	( ( (36.201 - 0.986)	+	(35.086 - 0.519) )	/ 2 )
	=	-1.328	/	( ( 35.215	+	34.567 )	/ 2 )
	=	-1.328	/	34.891
	=	-3.81 %

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

Castile Resources (ASX:CST) 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.

Castile Resources ROCE % Related Terms

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Castile Resources (ASX:CST) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

CLRSF:USA

Address

17 Southport Street, Suite 1A, West Leederville, WA, AUS, 6007

Website

https://www.castile.com.au

Castile Resources Ltd is a mineral exploration and development company. Its projects include the Rover Project and the Warumpi Project. The Company operates predominantly in one business segment the exploration of minerals in one geographic segment, Australia.

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