CZR Resources (ASX:CZR) ROCE % : -20.75% (As of Dec. 2023)

View and export this data going back to 2006. Start your Free Trial

What is CZR 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. CZR Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -20.75%.

CZR Resources ROCE % Historical Data

The historical data trend for CZR 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.

* Premium members only.

CZR Resources ROCE % Chart

CZR Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

Get a 7-Day Free Trial

-15.45

-32.03

-23.98

-33.73

-45.76

CZR 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															-32.88	-31.81	-48.30	-41.74	-20.75

CZR Resources ROCE % Calculation

CZR 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 )
	=	-7.213	/	( ( (16.776 - 0.775)	+	(16.432 - 0.905) )	/ 2 )
	=	-7.213	/	( (16.001	+	15.527)	/ 2 )
	=	-7.213	/	15.764
	=	-45.76 %

CZR 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 )
	=	-4.602	/	( ( (16.432 - 0.905)	+	(42.866 - 14.045) )	/ 2 )
	=	-4.602	/	( ( 15.527	+	28.821 )	/ 2 )
	=	-4.602	/	22.174
	=	-20.75 %

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

CZR Resources (ASX:CZR) 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.

CZR Resources ROCE % Related Terms

Thank you for viewing the detailed overview of CZR Resources's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

CZR Resources (ASX:CZR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

47 Havelock Street, Suite 9, Level 3, West Perth, Perth, WA, AUS, 6005

Website

https://www.czrresources.com

CZR Resources Ltd operates in the mineral exploration industry in Australia. The company owns approximately 85% of three projects, Yarraloola, KingX-Earaheedy and Buddadoo that are located in Western Australia and report feed-stock minerals for vertically integrated steel mills. It also holds an interest in the Yarrie Project and Croydon Top-Camp project. It engages in mining iron-ore, and manganese deposits, and also comprises other types of mineralization that includes gold, copper, base metals, titanium, vanadium, and uranium.