KAZ Minerals (KAZ Minerals) ROCE % : 20.95% (As of Dec. 2020)

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What is KAZ Minerals 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. KAZ Minerals's annualized ROCE % for the quarter that ended in Dec. 2020 was 20.95%.

KAZ Minerals ROCE % Historical Data

The historical data trend for KAZ Minerals'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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KAZ Minerals ROCE % Chart

KAZ Minerals Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

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6.64

16.52

20.24

19.89

17.01

KAZ Minerals Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
ROCE %	Get a 7-Day Free Trial															18.75	17.96	21.25	12.11	20.95

KAZ Minerals ROCE % Calculation

KAZ Minerals's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	950	/	( ( (6066 - 926)	+	(6889 - 858) )	/ 2 )
	=	950	/	( (5140	+	6031)	/ 2 )
	=	950	/	5585.5
	=	17.01 %

KAZ Minerals's ROCE % of for the quarter that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2020 )		(Q: Jun. 2020 )		(Q: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2020 )		(Q: Jun. 2020 )		(Q: Dec. 2020 )
	=	1238	/	( ( (6547 - 758)	+	(6889 - 858) )	/ 2 )
	=	1238	/	( ( 5789	+	6031 )	/ 2 )
	=	1238	/	5910
	=	20.95 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2020) EBIT data.

KAZ Minerals (OTCPK:KZMYY) 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.

KAZ Minerals ROCE % Related Terms

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KAZ Minerals (KAZ Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » KAZ Minerals PLC (OTCPK:KZMYY) » Definitions » ROCE %

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N/A

Address

100 Victoria Street, 6th Floor, Cardinal Place, London, GBR, SW1E 5JL

Website

https://www.kazminerals.com

KAZ Minerals PLC is a copper mining company focused on open-pit mining in Kazakhstan. KAZ Minerals operates several mines across Kazakhstan, with almost half the company's output derived from the Bozshakol mine in the north of the country. Through copper mining, the company also generates by-products, which principally include gold, silver, and zinc. While the company generates the vast majority of its revenue from copper, it derives some revenue from the sale of the by-products. KAZ Minerals sells its finished metals across both China and Europe.