Carawine Resources (ASX:CWX) ROCE % : -5.19% (As of Dec. 2023)

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What is Carawine 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. Carawine Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.19%.

Carawine Resources ROCE % Historical Data

The historical data trend for Carawine 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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Carawine Resources ROCE % Chart

Carawine Resources Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-11.46

-18.48

-10.89

-10.16

-5.22

Carawine Resources Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial								-3.96	-14.46	-4.89	-5.00	-5.19

Carawine Resources ROCE % Calculation

Carawine 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 )
	=	-1.044	/	( ( (18.749 - 0.449)	+	(22.505 - 0.824) )	/ 2 )
	=	-1.044	/	( (18.3	+	21.681)	/ 2 )
	=	-1.044	/	19.9905
	=	-5.22 %

Carawine 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 )
	=	-1.22	/	( ( (22.505 - 0.824)	+	(25.976 - 0.648) )	/ 2 )
	=	-1.22	/	( ( 21.681	+	25.328 )	/ 2 )
	=	-1.22	/	23.5045
	=	-5.19 %

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

Carawine Resources (ASX:CWX) 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.

Carawine Resources ROCE % Related Terms

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Carawine Resources (ASX:CWX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Kings Park Road, Level 1, West Perth, WA, AUS, 6005

Website

https://www.carawine.com.au

Carawine Resources Ltd is a mineral exploration company. It focuses on the exploration and development of gold, copper, cobalt, and base metal within Western Australia and Victoria. The company has five exploration projects: the Jamieson project, Tropicana North Project, Oakover project, Paterson project, and Fraser Range project.

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