Koba Resources (ASX:KOB) ROCE % : -20.67% (As of Dec. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Koba Resources 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. Koba Resources's annualized ROCE % for the quarter that ended in Dec. 2024 was -20.67%.

Koba Resources ROCE % Historical Data

The historical data trend for Koba Resources'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.

* Premium members only.

Koba Resources ROCE % Chart

Koba Resources Annual Data

Trend

Jun23

Jun24

ROCE %

-5.60

-46.68

Koba Resources Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	-8.69	-5.47	-9.39	-86.75	-20.67

Koba Resources ROCE % Calculation

Koba Resources'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 )
	=	-6.976	/	( ( (16.19 - 0.609)	+	(14.702 - 0.394) )	/ 2 )
	=	-6.976	/	( (15.581	+	14.308)	/ 2 )
	=	-6.976	/	14.9445
	=	-46.68 %

Koba Resources'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 )
	=	-2.944	/	( ( (14.702 - 0.394)	+	(14.586 - 0.406) )	/ 2 )
	=	-2.944	/	( ( 14.308	+	14.18 )	/ 2 )
	=	-2.944	/	14.244
	=	-20.67 %

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

Koba Resources (ASX:KOB) 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.

Koba Resources ROCE % Related Terms

Thank you for viewing the detailed overview of Koba Resources's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Koba Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Koba Resources Ltd (ASX:KOB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Railway Road, Level 3, Suite 25, Subiaco, Perth, WA, AUS, 6008

Website

https://www.kobaresources.com

Koba Resources Ltd is engaged in the exploration of minerals. The projects of the company include the Blackpine Cobalt-Copper and Colson Cobalt-Copper Project, Panther Cobalt-Copper Project, Elkhorn Cobalt Project located in the Idaho Cobalt Belt; Whitlock Lithium Project, JB1 Lithium Project located in Canada; and Python Lithium Project in Australia.

Koba Resources Headlines

No Headlines