Kingsgate Consolidated (ASX:KCN) ROCE % : -33.62% (As of Dec. 2023)

View and export this data going back to 1988. Start your Free Trial

What is Kingsgate Consolidated 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. Kingsgate Consolidated's annualized ROCE % for the quarter that ended in Dec. 2023 was -33.62%.

Kingsgate Consolidated ROCE % Historical Data

The historical data trend for Kingsgate Consolidated'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.

Kingsgate Consolidated ROCE % Chart

Kingsgate Consolidated Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

Get a 7-Day Free Trial

23.97

-38.32

-17.06

-31.40

18.40

Kingsgate Consolidated 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															-18.71	-61.13	-442.57	158.98	-33.62

Kingsgate Consolidated ROCE % Calculation

Kingsgate Consolidated'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 )
	=	11.064	/	( ( (43.76 - 18.151)	+	(126.724 - 32.081) )	/ 2 )
	=	11.064	/	( (25.609	+	94.643)	/ 2 )
	=	11.064	/	60.126
	=	18.40 %

Kingsgate Consolidated'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 )
	=	-30.046	/	( ( (126.724 - 32.081)	+	(142.258 - 58.16) )	/ 2 )
	=	-30.046	/	( ( 94.643	+	84.098 )	/ 2 )
	=	-30.046	/	89.3705
	=	-33.62 %

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

Kingsgate Consolidated (ASX:KCN) 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.

Kingsgate Consolidated ROCE % Related Terms

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

Kingsgate Consolidated (ASX:KCN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kingsgate Consolidated Ltd (ASX:KCN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

KSKGF:USA KCN:Germany KCN:Germany KCN:Germany

Address

200 George Street, Level 31, Sydney, NSW, AUS, 2000

Website

https://www.kingsgate.com.au

Kingsgate Consolidated Ltd is engaged in gold and silver mining, development, and exploration company based in Sydney, Australia. Its operating segment includes Chatree Gold Mine, Thailand, and Nueva Esperanza Gold/Silver Project, Chile. The company derives maximum revenue from the Chatree Gold Mine project.

Kingsgate Consolidated (ASX:KCN) Headlines

No Headlines