Centaurus Metals (Centaurus Metals) ROCE % : -117.33% (As of Jun. 2023)

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What is Centaurus Metals 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. Centaurus Metals's annualized ROCE % for the quarter that ended in Jun. 2023 was -117.33%.

Centaurus Metals ROCE % Historical Data

The historical data trend for Centaurus Metals'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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Centaurus Metals ROCE % Chart

Centaurus Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-52.31

-56.92

-69.38

-127.60

-81.81

Centaurus Metals 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															-84.74	-84.62	-79.20	-117.33	-94.68

Centaurus Metals ROCE % Calculation

Centaurus Metals'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 )
	=	-29.094	/	( ( (38.728 - 4.8)	+	(40.377 - 3.18) )	/ 2 )
	=	-29.094	/	( (33.928	+	37.197)	/ 2 )
	=	-29.094	/	35.5625
	=	-81.81 %

Centaurus Metals's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-31.394	/	( ( (38.728 - 4.8)	+	(25.538 - 5.953) )	/ 2 )
	=	-31.394	/	( ( 33.928	+	19.585 )	/ 2 )
	=	-31.394	/	26.7565
	=	-117.33 %

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

Centaurus Metals (OTCPK:CTTZF) 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.

Centaurus Metals ROCE % Related Terms

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Centaurus Metals (Centaurus Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Centaurus Metals Ltd (OTCPK:CTTZF) » Definitions » ROCE %

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Traded in Other Exchanges

CTM:Australia

Address

1 Ord Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.centaurus.com.au

Centaurus Metals Ltd is engaged in the exploration of iron ore resources. Its projects are Jaguar Nickel Sulphide Project and Jambreiro Iron Ore Project. The company's geographic segments include Brazil and Australia.

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