China Nonferrous Gold (FRA:KRB) ROCE % : 0.00% (As of Jun. 2023)

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What is China Nonferrous Gold 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. China Nonferrous Gold's annualized ROCE % for the quarter that ended in Jun. 2023 was 0.00%.

China Nonferrous Gold ROCE % Historical Data

The historical data trend for China Nonferrous Gold'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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China Nonferrous Gold ROCE % Chart

China Nonferrous Gold Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-2.81

-0.49

20.93

52.52

China Nonferrous Gold Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															6.37	7.06	27.31	-	-

China Nonferrous Gold ROCE % Calculation

China Nonferrous Gold's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-247.1	/	( ( (348.11 - 312.979)	+	(83.866 - 376.07) )	/ 2 )
	=	-247.1	/	( (35.131	+	-292.204)	/ 2 )
	=	-247.1	/	-128.5365
	=	192.24 %

China Nonferrous Gold's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	7.168	/	( ( (83.866 - 376.07)	+	(80.199 - 378.703) )	/ 2 )
	=	7.168	/	( ( -292.204	+	-298.504 )	/ 2 )
	=	7.168	/	-295.354
	=	0 %

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

China Nonferrous Gold (FRA:KRB) 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.

China Nonferrous Gold ROCE % Related Terms

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China Nonferrous Gold (FRA:KRB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Nonferrous Gold Ltd (FRA:KRB) » Definitions » ROCE %

Comparable Companies

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CFEGF:USA CNG.GB:UK CNG:UK

Address

One Nexus Way, Camana Bay, Grand Cayman, CYM, KY1-9005

Website

https://www.cnfgold.com

China Nonferrous Gold Ltd is a mineral exploration and development company. The company's geographical segment includes United Kingdom, China, and Tajikistan. It derives a majority of its revenue from Tajikistan. The company projects include the Pakrut Gold Project and Pakrut Licence Area.

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