Canterbury Resources (ASX:CBY) ROCE % : -7.66% (As of Dec. 2023)

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What is Canterbury 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. Canterbury Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -7.66%.

Canterbury Resources ROCE % Historical Data

The historical data trend for Canterbury 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.

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Canterbury Resources ROCE % Chart

Canterbury Resources Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-9.85

-12.12

-15.66

-16.96

-10.49

Canterbury Resources Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial					-10.38	-22.29	-7.41	-13.56	-7.66

Canterbury Resources ROCE % Calculation

Canterbury Resources'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 )
	=	-1.186	/	( ( (11.476 - 0.211)	+	(11.595 - 0.251) )	/ 2 )
	=	-1.186	/	( (11.265	+	11.344)	/ 2 )
	=	-1.186	/	11.3045
	=	-10.49 %

Canterbury 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: 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 )
	=	-0.876	/	( ( (11.595 - 0.251)	+	(11.814 - 0.271) )	/ 2 )
	=	-0.876	/	( ( 11.344	+	11.543 )	/ 2 )
	=	-0.876	/	11.4435
	=	-7.66 %

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

Canterbury Resources (ASX:CBY) 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.

Canterbury Resources ROCE % Related Terms

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Canterbury Resources (ASX:CBY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canterbury Resources Ltd (ASX:CBY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Miller Street, Suite 301, Pyrmont, Sydney, NSW, AUS, 2009

Website

https://www.canterburyresources.com.au

Canterbury Resources Ltd is an Australia-based mineral exploration and development company. It focuses on porphyry copper-gold and epithermal gold-silver deposits in the southwest Pacific region, in particular in Australia and Papua New Guinea (PNG). Its project holdings include Ekuti Range Project, Wamum Project, and Bismarck Project in PNG; Briggs Project, Fig Tree Hill and Mannersley Project in Australia. Geographically, it operates in Papua New Guinea and Australia.

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