Caspin Resources (ASX:CPN) ROCE % : -128.19% (As of Dec. 2023)

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What is Caspin 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. Caspin Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -128.19%.

Caspin Resources ROCE % Historical Data

The historical data trend for Caspin 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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Caspin Resources ROCE % Chart

Caspin Resources Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

-21.81

-68.64

-181.38

Caspin Resources Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-9.95	-83.51	-176.18	-328.97	-128.19

Caspin Resources ROCE % Calculation

Caspin 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 )
	=	-11.186	/	( ( (9.399 - 0.48)	+	(4.622 - 1.207) )	/ 2 )
	=	-11.186	/	( (8.919	+	3.415)	/ 2 )
	=	-11.186	/	6.167
	=	-181.38 %

Caspin 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 )
	=	-3.574	/	( ( (4.622 - 1.207)	+	(2.558 - 0.397) )	/ 2 )
	=	-3.574	/	( ( 3.415	+	2.161 )	/ 2 )
	=	-3.574	/	2.788
	=	-128.19 %

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

Caspin Resources (ASX:CPN) 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.

Caspin Resources ROCE % Related Terms

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Caspin Resources (ASX:CPN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

675 Murray Street, Ground Floor, West Perth, Perth, WA, AUS, 6005

Website

https://www.caspin.com.au

Caspin Resources Ltd is a mining company engaged in mineral exploration and assessment of mineral projects. The company operates geographically in Australia. Its projects include Mount Squires Gold Project; and Yarawindah Brook Project which is focused on nickel, copper, cobalt, and gold mining.

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