Caprice Resources (ASX:CRS) ROCE % : -5.73% (As of Dec. 2023)

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What is Caprice 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. Caprice Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.73%.

Caprice Resources ROCE % Historical Data

The historical data trend for Caprice 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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Caprice Resources ROCE % Chart

Caprice Resources Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

-29.30

-9.95

-26.57

-10.84

-8.84

Caprice Resources Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial						-12.19	-10.06	-9.66	-8.10	-5.73

Caprice Resources ROCE % Calculation

Caprice 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 )
	=	-1.221	/	( ( (13.618 - 0.302)	+	(14.593 - 0.28) )	/ 2 )
	=	-1.221	/	( (13.316	+	14.313)	/ 2 )
	=	-1.221	/	13.8145
	=	-8.84 %

Caprice 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 )
	=	-0.858	/	( ( (14.593 - 0.28)	+	(15.895 - 0.235) )	/ 2 )
	=	-0.858	/	( ( 14.313	+	15.66 )	/ 2 )
	=	-0.858	/	14.9865
	=	-5.73 %

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

Caprice Resources (ASX:CRS) 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.

Caprice Resources ROCE % Related Terms

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Caprice Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

C3F:Germany

Address

10 Outram Street, Level 3, West Perth, Perth, WA, AUS, 6005

Website

https://www.capriceresources.com

Caprice Resources Ltd is a mineral exploration company. It operates in the acquisition, exploration, evaluation and development of mineral resource projects throughout Australia. The company's project profile includes the Wild horse hill project, Island Gold Project, Mukinbudin Project, and Northampton project. The Group's operations are in one reportable business segment, being the exploration for gold, lead, zinc, copper and rare earth metals.