Caravel Minerals (ASX:CVV) ROCE % : -81.30% (As of Dec. 2024)

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What is Caravel Minerals 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. Caravel Minerals's annualized ROCE % for the quarter that ended in Dec. 2024 was -81.30%.

Caravel Minerals ROCE % Historical Data

The historical data trend for Caravel Minerals'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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Caravel Minerals ROCE % Chart

Caravel Minerals Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-33.50

-121.21

-144.94

-174.41

-74.75

Caravel Minerals 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															-73.85	-132.02	-77.03	-50.11	-81.30

Caravel Minerals ROCE % Calculation

Caravel Minerals'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 )
	=	-7.688	/	( ( (10.269 - 1.545)	+	(12.937 - 1.092) )	/ 2 )
	=	-7.688	/	( (8.724	+	11.845)	/ 2 )
	=	-7.688	/	10.2845
	=	-74.75 %

Caravel Minerals'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 )
	=	-9.418	/	( ( (12.937 - 1.092)	+	(12.772 - 1.449) )	/ 2 )
	=	-9.418	/	( ( 11.845	+	11.323 )	/ 2 )
	=	-9.418	/	11.584
	=	-81.30 %

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

Caravel Minerals (ASX:CVV) 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.

Caravel Minerals ROCE % Related Terms

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Caravel Minerals Business Description

Industry

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Address

245 Churchill Avenue, Suite 1, Subiaco, Perth, WA, AUS, 6008

Website

https://www.caravelminerals.com.au

Caravel Minerals Ltd is engaged in an exploration and development of mineral tenements in Western Australia. It is a copper exploration and development company focused on a new porphyry copper district discovered in a previously unexplored part of Western Australia's Central Wheatbelt. The company holds an interest in the Caravel Copper Project.