CNMC Goldmine Holdings (SGX:5TP) ROCE % : 18.53% (As of Dec. 2023)

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What is CNMC Goldmine Holdings 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. CNMC Goldmine Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.53%.

CNMC Goldmine Holdings ROCE % Historical Data

The historical data trend for CNMC Goldmine Holdings'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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CNMC Goldmine Holdings ROCE % Chart

CNMC Goldmine Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.03

-9.21

6.86

3.50

16.17

CNMC Goldmine Holdings 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															12.03	3.27	3.87	13.88	18.53

CNMC Goldmine Holdings ROCE % Calculation

CNMC Goldmine Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	10.631	/	( ( (72.67 - 8.581)	+	(79.584 - 12.19) )	/ 2 )
	=	10.631	/	( (64.089	+	67.394)	/ 2 )
	=	10.631	/	65.7415
	=	16.17 %

CNMC Goldmine Holdings'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 )
	=	12.34	/	( ( (79.361 - 13.554)	+	(79.584 - 12.19) )	/ 2 )
	=	12.34	/	( ( 65.807	+	67.394 )	/ 2 )
	=	12.34	/	66.6005
	=	18.53 %

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

CNMC Goldmine Holdings (SGX:5TP) 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.

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CNMC Goldmine Holdings (SGX:5TP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CNMC Goldmine Holdings Ltd (SGX:5TP) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

47 Scotts Road, No. 03-03 Goldbell Towers, Singapore, SGP, 228233

Website

http://www.cnmc.com.hk

CNMC Goldmine Holdings Ltd is a Singapore-based investment holding and gold producer company. The company's operating segments are Gold mining, which includes the exploration, development, mining, and marketing of gold and Other operations include investment holding companies and the provision of corporate services. It derives maximum revenue from the Gold mining segment. The group focuses on the Sokor Gold Field project located in Malaysia.

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