Cygnus Metals (ASX:CY5) ROCE % : -10.82% (As of Jun. 2024)

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What is Cygnus Metals 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. Cygnus Metals's annualized ROCE % for the quarter that ended in Jun. 2024 was -10.82%.

Cygnus Metals ROCE % Historical Data

The historical data trend for Cygnus Metals'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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Cygnus Metals ROCE % Chart

Cygnus Metals Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-20.54

-181.09

-62.80

-24.78

-60.17

Cygnus Metals Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial								-39.75	-39.46	-85.08	-46.83	-10.82

Cygnus Metals ROCE % Calculation

Cygnus Metals's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-14.224	/	( ( (21.402 - 3.558)	+	(35.085 - 5.648) )	/ 2 )
	=	-14.224	/	( (17.844	+	29.437)	/ 2 )
	=	-14.224	/	23.6405
	=	-60.17 %

Cygnus Metals's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-3.166	/	( ( (35.085 - 5.648)	+	(31.911 - 2.843) )	/ 2 )
	=	-3.166	/	( ( 29.437	+	29.068 )	/ 2 )
	=	-3.166	/	29.2525
	=	-10.82 %

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

Cygnus Metals (ASX:CY5) 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.

Cygnus Metals ROCE % Related Terms

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Cygnus Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cygnus Metals Ltd (ASX:CY5) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

8 Richardson Street, Level 2, West Perth, WA, AUS, 6005

Website

https://www.cygnusmetals.com

Cygnus Metals Ltd is a exploration company focused on advancing the Pontax Lithium Project in the James Bay lithium district in Canada, as well as the Auclair Lithium Project, Bencubbin Project, Sakami Lithium Project and Snake Rock Project in Western Australia. The company is actively exploring both jurisdictions with tenure prospective for lithium as well as gold, nickel, copper and platinum group elements.

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