Champion Iron (ASX:CIA) ROCE %

: 37.88% (As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

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. Champion Iron's annualized ROCE % for the quarter that ended in Dec. 2023 was 37.88%.

Champion Iron ROCE % Historical Data

The historical data trend for Champion Iron'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.

Champion Iron Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

59.65

40.88

74.54

60.97

19.11

Champion Iron Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																18.01	30.20	7.45	23.42	37.88

Champion Iron ROCE % Calculation

Champion Iron's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	394.817	/	( ( (2130.644 - 307.285)	+	(2534.731 - 225.152) )	/ 2 )
	=	394.817	/	( (1823.359	+	2309.579)	/ 2 )
	=	394.817	/	2066.469
	=	19.11 %

Champion Iron'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	956.68	/	( ( (2769.013 - 299.602)	+	(2933.986 - 352.038) )	/ 2 )
	=	956.68	/	( ( 2469.411	+	2581.948 )	/ 2 )
	=	956.68	/	2525.6795
	=	37.88 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Champion Iron (ASX:CIA) 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.

Champion Iron ROCE % Related Terms

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

Champion Iron (ASX:CIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Champion Iron Ltd (ASX:CIA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CIAFF:USA MMPI:Germany CIA:Canada

Address

91 Evans Street, Level 1, Rozelle, Sydney, NSW, AUS, 2039

Website

https://www.championiron.com

Champion Iron Ltd is engaged in the exploration and development of iron ore properties in Quebec, Canada. The company projects include Fire Lake North, Powderhorn/Gullbridge, Moire, Quinto Claims, Harvey Tuttle, O'keefe-Purdy, and others. Its segment includes Iron Ore Concentrate; Exploration and Evaluation and Corporate. The company generates maximum revenue from the Iron Ore Concentrate segment.