Cobre (ASX:CBE) ROCE % : -9.35% (As of Dec. 2023)

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What is Cobre 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. Cobre's annualized ROCE % for the quarter that ended in Dec. 2023 was -9.35%.

Cobre ROCE % Historical Data

The historical data trend for Cobre'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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Cobre ROCE % Chart

Cobre Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

ROCE %

-22.52

-20.76

-8.65

-7.89

Cobre Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-10.42	-8.41	-9.28	-6.22	-9.35

Cobre ROCE % Calculation

Cobre'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 )
	=	-1.936	/	( ( (18.677 - 0.406)	+	(31.501 - 0.727) )	/ 2 )
	=	-1.936	/	( (18.271	+	30.774)	/ 2 )
	=	-1.936	/	24.5225
	=	-7.89 %

Cobre'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 )
	=	-2.768	/	( ( (31.501 - 0.727)	+	(29.423 - 0.969) )	/ 2 )
	=	-2.768	/	( ( 30.774	+	28.454 )	/ 2 )
	=	-2.768	/	29.614
	=	-9.35 %

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

Cobre (ASX:CBE) 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.

Cobre ROCE % Related Terms

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Cobre (ASX:CBE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cobre Ltd (ASX:CBE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

27 Macquarie Place, Level 10, Kyle House, Sydney, NSW, AUS, 2000

Website

https://www.cobre.com.au

Cobre Ltd is an exploration and mining company. Its projects include the Perrinvale project, Botswana projects and the Sandiman project. The Perrinvale Project is located at Kalgoorlie in the Yilgarn Craton of Western Australia. The Sandiman Project is located on the eastern edge of the Southern Carnarvon Basin. The firm has only one operating segment being exploration for precious metals.

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