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Kingsland Minerals (ASX:KNG) ROCE % : -41.35% (As of Dec. 2024)


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What is Kingsland 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. Kingsland Minerals's annualized ROCE % for the quarter that ended in Dec. 2024 was -41.35%.

Kingsland Minerals ROCE % Historical Data

The historical data trend for Kingsland 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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Kingsland Minerals ROCE % Chart

Kingsland Minerals Annual Data
Trend Jun22 Jun23 Jun24
ROCE %
-9.95 -27.09 -42.20

Kingsland Minerals Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
ROCE % Get a 7-Day Free Trial -23.67 -34.10 -45.63 -35.87 -41.35

Kingsland Minerals ROCE % Calculation

Kingsland 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 )
=-3.524/( ( (10.256 - 1.038) + (7.928 - 0.445) )/ 2 )
=-3.524/( (9.218+7.483)/ 2 )
=-3.524/8.3505
=-42.20 %

Kingsland 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 )
=-3.278/( ( (7.928 - 0.445) + (9.066 - 0.695) )/ 2 )
=-3.278/( ( 7.483 + 8.371 )/ 2 )
=-3.278/7.927
=-41.35 %

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

* 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.

Kingsland Minerals  (ASX:KNG) 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.

Kingsland Minerals ROCE % Related Terms

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Kingsland Minerals Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kingsland Minerals Ltd (ASX:KNG) » Definitions » ROCE %
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Traded in Other Exchanges
N/A
Address
43 Ventnor Avenue, Level 1, West Perth, Perth, WA, AUS, 6005
Website
https://www.kingslandminerals.com.au
Kingsland Minerals Ltd is an early-stage mineral exploration and development company focused on gold, base metals, and uranium discoveries within projects located in the Northern Territory and Western Australia. It holds interest in Allamber, Woolgni, Shoobridge, and Mount Davis projects located in the Northern Territory; and Lake Johnston Project located in Western Australia. The Group has one reportable segment, being mineral exploration activities in Australia.