Kingfisher Mining (ASX:KFM) ROCE % : -34.88% (As of Dec. 2023)

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What is Kingfisher Mining 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. Kingfisher Mining's annualized ROCE % for the quarter that ended in Dec. 2023 was -34.88%.

Kingfisher Mining ROCE % Historical Data

The historical data trend for Kingfisher Mining'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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Kingfisher Mining ROCE % Chart

Kingfisher Mining Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

ROCE %

-16.42

-18.08

-33.20

Kingfisher Mining Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-18.55	-17.71	-46.18	-14.78	-34.88

Kingfisher Mining ROCE % Calculation

Kingfisher Mining'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 )
	=	-2.01	/	( ( (4.665 - 0.19)	+	(7.862 - 0.228) )	/ 2 )
	=	-2.01	/	( (4.475	+	7.634)	/ 2 )
	=	-2.01	/	6.0545
	=	-33.20 %

Kingfisher Mining'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 )
	=	-2.446	/	( ( (7.862 - 0.228)	+	(6.59 - 0.2) )	/ 2 )
	=	-2.446	/	( ( 7.634	+	6.39 )	/ 2 )
	=	-2.446	/	7.012
	=	-34.88 %

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

Kingfisher Mining (ASX:KFM) 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.

Kingfisher Mining ROCE % Related Terms

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Kingfisher Mining (ASX:KFM) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 2, 106 Robinson Avenue, Belmont, WA, AUS, 6104

Website

https://www.kingfishermining.com.au

Kingfisher Mining Ltd is a mineral exploration company. The company acquires, develops, and explores mineral resource projects throughout Western Australia. The project portfolio includes Boolaloo, Mick Well, Kingfisher, and Arthur River projects. The company operates in one business segment which is the exploration for minerals and in one geographic segment, Australia.

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