Karnalyte Resources (TSX:KRN) ROCE % : -20.50% (As of Dec. 2023)

View and export this data going back to 2010. Start your Free Trial

What is Karnalyte Resources 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. Karnalyte Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -20.50%.

Karnalyte Resources ROCE % Historical Data

The historical data trend for Karnalyte Resources'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.

Karnalyte Resources ROCE % Chart

Karnalyte Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-21.10

-30.03

-25.11

-20.16

-16.15

Karnalyte Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-18.79	-16.55	-17.68	-10.55	-20.50

Karnalyte Resources ROCE % Calculation

Karnalyte Resources'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 )
	=	-1.378	/	( ( (9.883 - 0.628)	+	(8.378 - 0.572) )	/ 2 )
	=	-1.378	/	( (9.255	+	7.806)	/ 2 )
	=	-1.378	/	8.5305
	=	-16.15 %

Karnalyte Resources'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 )
	=	-1.624	/	( ( (8.568 - 0.528)	+	(8.378 - 0.572) )	/ 2 )
	=	-1.624	/	( ( 8.04	+	7.806 )	/ 2 )
	=	-1.624	/	7.923
	=	-20.50 %

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

Karnalyte Resources (TSX:KRN) 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.

Karnalyte Resources ROCE % Related Terms

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

Karnalyte Resources (TSX:KRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Karnalyte Resources Inc (TSX:KRN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

KRLTF:USA

Address

409 3rd Avenue South, Suite 1201, Saskatoon, SK, CAN, S7K 5R5

Website

http://www.karnalyte.com

Karnalyte Resources Inc is a development stage company is engaged in exploration and development of its property and planned construction of a production facility and development of a potash mine. The property is situated in Saskatchewan, south of Wynyard and contains a dominant zone of potash and magnesium minerals.

Karnalyte Resources (TSX:KRN) Headlines

No Headlines