Cobalt Blue Holdings (ASX:COB) ROCE % : -24.18% (As of Dec. 2024)

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What is Cobalt Blue Holdings 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. Cobalt Blue Holdings's annualized ROCE % for the quarter that ended in Dec. 2024 was -24.18%.

Cobalt Blue Holdings ROCE % Historical Data

The historical data trend for Cobalt Blue Holdings'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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Cobalt Blue Holdings ROCE % Chart

Cobalt Blue Holdings Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-10.33

-9.63

-12.86

-9.46

-72.56

Cobalt Blue Holdings Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial										-10.14	-7.15	-10.24	-135.70	-24.18

Cobalt Blue Holdings ROCE % Calculation

Cobalt Blue Holdings's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-37.606	/	( ( (76.417 - 7.26)	+	(40.962 - 6.468) )	/ 2 )
	=	-37.606	/	( (69.157	+	34.494)	/ 2 )
	=	-37.606	/	51.8255
	=	-72.56 %

Cobalt Blue Holdings's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	-7.94	/	( ( (40.962 - 6.468)	+	(36.836 - 5.647) )	/ 2 )
	=	-7.94	/	( ( 34.494	+	31.189 )	/ 2 )
	=	-7.94	/	32.8415
	=	-24.18 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

Cobalt Blue Holdings (ASX:COB) 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.

Cobalt Blue Holdings ROCE % Related Terms

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Cobalt Blue Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cobalt Blue Holdings Ltd (ASX:COB) » Definitions » ROCE %

Comparable Companies

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CBBHF:USA COH:Germany

Address

100 Miller Street, Suite 17.03, Level 17, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.cobaltblueholdings.com

Cobalt Blue Holdings Ltd focuses upon the development and commercialisation of the Broken Hill Cobalt Deposit, Broken Hill, NSW. Its currently organised into two operating segmentsBroken Hill Cobalt Project and Kwinana Cobalt Refinery Project.

Cobalt Blue Holdings Headlines

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