Kuniko (ASX:KNI) ROCE % : -15.87% (As of Jun. 2024)

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What is Kuniko 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. Kuniko's annualized ROCE % for the quarter that ended in Jun. 2024 was -15.87%.

Kuniko ROCE % Historical Data

The historical data trend for Kuniko'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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Kuniko ROCE % Chart

Kuniko Annual Data

Trend

Dec22

Dec23

ROCE %

-22.53

-36.24

Kuniko Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			-21.00	-25.85	-62.15	-26.97	-15.87

Kuniko ROCE % Calculation

Kuniko'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 )
	=	-5.136	/	( ( (12.516 - 0.413)	+	(16.851 - 0.61) )	/ 2 )
	=	-5.136	/	( (12.103	+	16.241)	/ 2 )
	=	-5.136	/	14.172
	=	-36.24 %

Kuniko'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 )
	=	-2.472	/	( ( (16.851 - 0.61)	+	(15.921 - 1.011) )	/ 2 )
	=	-2.472	/	( ( 16.241	+	14.91 )	/ 2 )
	=	-2.472	/	15.5755
	=	-15.87 %

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

Kuniko (ASX:KNI) 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.

Kuniko ROCE % Related Terms

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Kuniko Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

912:Germany

Address

125 St Georges Terrace, Level 28, AMP Tower, Perth, WA, AUS, 6000

Website

https://www.kuniko.eu

Kuniko Ltd is a mineral exploration company. It is engaged in the development of non-lithium battery metal projects in Scandinavia for the European market. Its projects include the Feoy Nickel project, the Skuterud Cobalt project, Undal-Nyberget Copper Project. The Company currently functions in two geographic regions: Norway and Canada, and in one industry, being exploration.

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