Copper Search (ASX:CUS) ROCE % : -141.59% (As of Dec. 2023)

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What is Copper Search 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. Copper Search's annualized ROCE % for the quarter that ended in Dec. 2023 was -141.59%.

Copper Search ROCE % Historical Data

The historical data trend for Copper Search'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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Copper Search ROCE % Chart

Copper Search Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

-103.76

-66.87

-53.91

Copper Search Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-51.21	-38.51	-33.31	-76.52	-141.59

Copper Search ROCE % Calculation

Copper Search'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 )
	=	-4.134	/	( ( (9.616 - 0.309)	+	(6.677 - 0.648) )	/ 2 )
	=	-4.134	/	( (9.307	+	6.029)	/ 2 )
	=	-4.134	/	7.668
	=	-53.91 %

Copper Search'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 )
	=	-7.034	/	( ( (6.677 - 0.648)	+	(4.152 - 0.245) )	/ 2 )
	=	-7.034	/	( ( 6.029	+	3.907 )	/ 2 )
	=	-7.034	/	4.968
	=	-141.59 %

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

Copper Search (ASX:CUS) 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.

Copper Search ROCE % Related Terms

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Copper Search (ASX:CUS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Copper Search Ltd (ASX:CUS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

21 Sydenham Road, Norwood, SA, AUS, 5067

Website

https://www.coppersearch.com.au

Copper Search Ltd is a minerals exploration company targeting copper-gold deposits within the Gawler Craton of South Australia. The assets are divided into four main project areas: the Peake and Denison, and Ruby Hill Projects contain known copper occurrences, and the Billa Kalina projects; the Peake and Denison and Ruby Hill Projects have anomalous gold occurrences.

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