Corella Resources (ASX:CR9) ROCE % : -32.67% (As of Dec. 2024)

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What is Corella 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. Corella Resources's annualized ROCE % for the quarter that ended in Dec. 2024 was -32.67%.

Corella Resources ROCE % Historical Data

The historical data trend for Corella 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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Corella Resources ROCE % Chart

Corella Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-63.93

-31.88

-14.62

-20.61

-30.88

Corella Resources Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															-20.11	-23.52	-24.02	-38.71	-32.67

Corella Resources ROCE % Calculation

Corella Resources'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 )
	=	-1.263	/	( ( (4.872 - 0.209)	+	(3.704 - 0.186) )	/ 2 )
	=	-1.263	/	( (4.663	+	3.518)	/ 2 )
	=	-1.263	/	4.0905
	=	-30.88 %

Corella Resources'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 )
	=	-1.07	/	( ( (3.704 - 0.186)	+	(3.252 - 0.219) )	/ 2 )
	=	-1.07	/	( ( 3.518	+	3.033 )	/ 2 )
	=	-1.07	/	3.2755
	=	-32.67 %

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

Corella Resources (ASX:CR9) 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.

Corella Resources ROCE % Related Terms

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Corella Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Corella Resources Ltd (ASX:CR9) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

40 Subiaco Square Road, Level 1, Subiaco, Perth, WA, AUS, 6008

Website

https://www.corellaresources.com.au

Corella Resources Ltd is an exploration company. Its main focus is on exploration of high-grade, low impurity kaolin and silica projects located in the Yilgarn Craton region of Western Australia including Tampu Kaolin Project, Wiltshire Kaolin Project, Kalannie Kaolin Project, and Bonnie Rock Silica Project.

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