Kincora Copper (ASX:KCC) ROCE % : -6.04% (As of Sep. 2024)

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What is Kincora Copper 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. Kincora Copper's annualized ROCE % for the quarter that ended in Sep. 2024 was -6.04%.

Kincora Copper ROCE % Historical Data

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

Kincora Copper Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.32

-4.64

-15.98

-12.62

-9.69

Kincora Copper Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-11.04	-8.56	-8.23	-25.71	-6.04

Kincora Copper ROCE % Calculation

Kincora Copper'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 )
	=	-1.771	/	( ( (17.557 - 0.506)	+	(19.767 - 0.276) )	/ 2 )
	=	-1.771	/	( (17.051	+	19.491)	/ 2 )
	=	-1.771	/	18.271
	=	-9.69 %

Kincora Copper's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-1.16	/	( ( (19.597 - 0.251)	+	(19.671 - 0.575) )	/ 2 )
	=	-1.16	/	( ( 19.346	+	19.096 )	/ 2 )
	=	-1.16	/	19.221
	=	-6.04 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Kincora Copper (ASX:KCC) 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.

Kincora Copper ROCE % Related Terms

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Kincora Copper Business Description

Industry

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BZDLF:USA KCC:Canada

Address

837 West Hastings Street, Suite 400, Vancouver, BC, CAN, V6C 3N6

Website

https://www.kincoracopper.com

Kincora Copper Ltd is a mineral exploration company. The company is engaged in the acquisition and exploration of exploration and evaluation assets in Mongolia. It operates in Kincora's dominant position between and on strike from the two existing copper mines in the Southern Gobi. It operates in two operating segments which are the Acquisition of and Exploration for Exploration and Evaluation Assets in Mongolia and Australia. Its projects are the Trundle project, Fairholme project, Jemalong project, Northern Junee - Narromine belt, Wongarbon project, Cundumbul project, Condobolin project, Southern Gobi belt, and Lachilan fold.

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