Kingsrose Mining (ASX:KRM) ROCE % : -13.96% (As of Dec. 2023)

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What is Kingsrose Mining 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. Kingsrose Mining's annualized ROCE % for the quarter that ended in Dec. 2023 was -13.96%.

Kingsrose Mining ROCE % Historical Data

The historical data trend for Kingsrose Mining'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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Kingsrose Mining ROCE % Chart

Kingsrose Mining Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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42.24

-13.04

-23.25

-5.38

-9.55

Kingsrose Mining Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-14.55	-5.91	-4.87	-13.96	-5.09

Kingsrose Mining ROCE % Calculation

Kingsrose Mining's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-2.269	/	( ( (45.472 - 1.143)	+	(41.379 - 1.373) )	/ 2 )
	=	-2.269	/	( (44.329	+	40.006)	/ 2 )
	=	-2.269	/	42.1675
	=	-5.38 %

Kingsrose Mining's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-5.422	/	( ( (41.379 - 1.373)	+	(38.906 - 1.237) )	/ 2 )
	=	-5.422	/	( ( 40.006	+	37.669 )	/ 2 )
	=	-5.422	/	38.8375
	=	-13.96 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Kingsrose Mining (ASX:KRM) 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.

Kingsrose Mining ROCE % Related Terms

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Kingsrose Mining Business Description

Industry

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

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Address

145 Stirling Highway, Suite 5 CPC, Nedlands, WA, AUS, 6009

Website

https://www.kingsrosemining.com.au

Kingsrose Mining Ltd is a gold production and exploration company. Kingsrose is exploring for nickel, copper and PGE at three project locations across Norway and Finland. The three Projects are Penikat, Rana and Porsanger projects.

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