KGL Resources (ASX:KGL) ROCE % : -1.77% (As of Dec. 2023)

View and export this data going back to 2005. Start your Free Trial

What is KGL 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. KGL Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.77%.

KGL Resources ROCE % Historical Data

The historical data trend for KGL 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.

KGL Resources ROCE % Chart

KGL Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Jun22

Jun23

ROCE %

Get a 7-Day Free Trial

-3.77

-2.03

-2.90

-1.76

-2.38

KGL 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															-3.41	-3.52	-2.56	-2.34	-1.77

KGL Resources ROCE % Calculation

KGL 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 )
	=	-2.819	/	( ( (115.847 - 2.748)	+	(125.774 - 1.771) )	/ 2 )
	=	-2.819	/	( (113.099	+	124.003)	/ 2 )
	=	-2.819	/	118.551
	=	-2.38 %

KGL 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 )
	=	-2.188	/	( ( (125.774 - 1.771)	+	(124.097 - 1.241) )	/ 2 )
	=	-2.188	/	( ( 124.003	+	122.856 )	/ 2 )
	=	-2.188	/	123.4295
	=	-1.77 %

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

KGL Resources (ASX:KGL) 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.

KGL Resources ROCE % Related Terms

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

KGL Resources (ASX:KGL) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

KN6:Germany

Address

167 Eagle Street, Level 5, Brisbane, QLD, AUS, 4000

Website

https://www.kglresources.com.au

KGL Resources Ltd is a mineral exploration company. Its projects are Yambah, Unca Creek, The Jervois Project, and others. The Group has one reportable segment, being exploration at the Jervois Copper Project in the Northern Territory.

KGL Resources (ASX:KGL) Headlines

No Headlines