Carnavale Resources (FRA:YBB) ROCE % : -13.11% (As of Dec. 2023)

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What is Carnavale 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. Carnavale Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -13.11%.

Carnavale Resources ROCE % Historical Data

The historical data trend for Carnavale 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.

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Carnavale Resources ROCE % Chart

Carnavale Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-22.01

-109.44

-34.24

-19.26

-6.66

Carnavale Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-9.03	-30.42	-6.83	-6.78	-13.11

Carnavale Resources ROCE % Calculation

Carnavale Resources'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 )
	=	-0.376	/	( ( (6.31 - 0.35)	+	(5.563 - 0.235) )	/ 2 )
	=	-0.376	/	( (5.96	+	5.328)	/ 2 )
	=	-0.376	/	5.644
	=	-6.66 %

Carnavale Resources'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 )
	=	-0.806	/	( ( (5.563 - 0.235)	+	(7.335 - 0.367) )	/ 2 )
	=	-0.806	/	( ( 5.328	+	6.968 )	/ 2 )
	=	-0.806	/	6.148
	=	-13.11 %

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

Carnavale Resources (FRA:YBB) 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.

Carnavale Resources ROCE % Related Terms

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Carnavale Resources (FRA:YBB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Carnavale Resources Ltd (FRA:YBB) » Definitions » ROCE %

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Traded in Other Exchanges

YBB:Germany CAV:Australia

Address

389 Oxford Street, Level 2, Suite 9, Mount Hawthorn, Perth, WA, AUS, 6016

Website

https://www.carnavaleresources.com

Carnavale Resources Ltd is a mineral exploration company that focuses on exploring minerals associated with the electric battery sector and other technologies along with gold and copper. The projects of the company include Grey Dam Nickel-Cobalt Project; Mt Alexander (Barracuda Ni-Cu-Co-PGE) Project, Ora Banda South Project and Kookynie high-grade Gold project. Its operating segment includes Investing activities in Australia and Mineral Exploration in Australia. The company generates revenue from Investing activities in Australia.

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