World Copper (FRA:7LY0) ROCE % : -15.41% (As of Sep. 2024)

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What is World Copper 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. World Copper's annualized ROCE % for the quarter that ended in Sep. 2024 was -15.41%.

World Copper ROCE % Historical Data

The historical data trend for World Copper'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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World Copper ROCE % Chart

World Copper Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-25.65

-60.66

-99.17

-67.20

-7.86

World Copper Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial														14.27	-11.22	-11.69	-6.69	-15.41

World Copper ROCE % Calculation

World Copper'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 )
	=	-2.006	/	( ( (30.398 - 4.023)	+	(29.344 - 4.688) )	/ 2 )
	=	-2.006	/	( (26.375	+	24.656)	/ 2 )
	=	-2.006	/	25.5155
	=	-7.86 %

World Copper's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	-3.496	/	( ( (29.2 - 5.076)	+	(23.231 - 1.976) )	/ 2 )
	=	-3.496	/	( ( 24.124	+	21.255 )	/ 2 )
	=	-3.496	/	22.6895
	=	-15.41 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

World Copper (FRA:7LY0) 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.

World Copper ROCE % Related Terms

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World Copper Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » World Copper Ltd (FRA:7LY0) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

WCUFF:USA WCU:Canada

Address

200 Burrard Street, Suite 1570, Vancouver, BC, CAN, V6C 3L6

Website

https://www.worldcopperltd.com

World Copper Ltd is an exploration stage junior mining company currently engaged in the identification, acquisition, and exploration of mineral resources in Chile and the United States.

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