Canadian Phosphate (ASX:CP8) ROCE % : -14.13% (As of Dec. 2024)

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What is Canadian Phosphate 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. Canadian Phosphate's annualized ROCE % for the quarter that ended in Dec. 2024 was -14.13%.

Canadian Phosphate ROCE % Historical Data

The historical data trend for Canadian Phosphate'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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Canadian Phosphate ROCE % Chart

Canadian Phosphate Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-21.13

-37.87

-32.00

-31.88

-13.95

Canadian Phosphate Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															-32.27	-32.26	-32.06	-14.63	-14.13

Canadian Phosphate ROCE % Calculation

Canadian Phosphate's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-1.55	/	( ( (12.447 - 1.047)	+	(11.55 - 0.727) )	/ 2 )
	=	-1.55	/	( (11.4	+	10.823)	/ 2 )
	=	-1.55	/	11.1115
	=	-13.95 %

Canadian Phosphate's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	-1.502	/	( ( (11.497 - 1.055)	+	(11.55 - 0.727) )	/ 2 )
	=	-1.502	/	( ( 10.442	+	10.823 )	/ 2 )
	=	-1.502	/	10.6325
	=	-14.13 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

Canadian Phosphate (ASX:CP8) 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.

Canadian Phosphate ROCE % Related Terms

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Canadian Phosphate Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Canadian Phosphate Ltd (ASX:CP8) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

99 St Georges Terrace, Level 8, Perth, WA, AUS, 6000

Website

https://www.canadianphosphate.com

Canadian Phosphate Ltd is a miner, manufacturer, and distributor of rock phosphate fertilizer, focused on advancing its Wapiti and Fernie sedimentary rock phosphate projects in British Columbia, Canada. The company is organised into two operating segments based on geographical location, being Australian and North American operations. A majority of its revenue is generated from its North American operations, through the sale of phosphate fertilizers.

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