Key Mining (Key Mining) ROCE % : -57.13% (As of Dec. 2023)

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What is Key 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. Key Mining's annualized ROCE % for the quarter that ended in Dec. 2023 was -57.13%.

Key Mining ROCE % Historical Data

The historical data trend for Key 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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Key Mining ROCE % Chart

Key Mining Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-148.52

-111.78

-94.25

Key Mining Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			-	-57.21	-119.50	-82.44	-57.13

Key Mining ROCE % Calculation

Key Mining'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 )
	=	-4.884	/	( ( (3.693 - 0.064)	+	(6.98 - 0.245) )	/ 2 )
	=	-4.884	/	( (3.629	+	6.735)	/ 2 )
	=	-4.884	/	5.182
	=	-94.25 %

Key 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-4.076	/	( ( (7.943 - 0.409)	+	(6.98 - 0.245) )	/ 2 )
	=	-4.076	/	( ( 7.534	+	6.735 )	/ 2 )
	=	-4.076	/	7.1345
	=	-57.13 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Key Mining (AMEX:KMCM) 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.

Key Mining ROCE % Related Terms

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Key Mining (Key Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Key Mining Corp (AMEX:KMCM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

701 Brickell Avenue, Suite 1550, Miami, FL, USA, 33131

Website

https://www.keyminingcorp.com

Key Mining Corp is an exploration-stage mining company focused on the development of two projects, both of which are located in the Atacama Region of the Republic of Chile. Its Cerro Blanco project is focused on exploring rutile from which high-grade titanium dioxide (TiO2) can be processed. Its Fiel Rosita project is focused on exploring copper, and to a lesser extent, zinc.

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