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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.

* 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.


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

Traded in Other Exchanges
Address
125 St Georges Terrace, Level 28, AMP Tower, Perth, WA, AUS, 6000
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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