KRYXF (Koryx Copper) ROCE % : -82.36% (As of Nov. 2024)

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What is Koryx 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. Koryx Copper's annualized ROCE % for the quarter that ended in Nov. 2024 was -82.36%.

Koryx Copper ROCE % Historical Data

The historical data trend for Koryx 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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Koryx Copper ROCE % Chart

Koryx Copper Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

ROCE %

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-31.89

-37.86

-29.91

-365.15

-294.99

Koryx Copper Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
ROCE %	Get a 7-Day Free Trial															-327.60	-68.28	-24.61	-370.59	-82.36

Koryx Copper ROCE % Calculation

Koryx Copper's annualized ROCE % for the fiscal year that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	-3.031	/	( ( (0.18 - 0.08)	+	(2.087 - 0.132) )	/ 2 )
	=	-3.031	/	( (0.1	+	1.955)	/ 2 )
	=	-3.031	/	1.0275
	=	-294.99 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	-6.116	/	( ( (2.087 - 0.132)	+	(13.495 - 0.598) )	/ 2 )
	=	-6.116	/	( ( 1.955	+	12.897 )	/ 2 )
	=	-6.116	/	7.426
	=	-82.36 %

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

Koryx Copper (OTCPK:KRYXF) 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.

Koryx Copper ROCE % Related Terms

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Koryx Copper Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Koryx Copper Inc (OTCPK:KRYXF) » Definitions » ROCE %

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DSD:Germany KRY:Canada

Address

1075 West Georgia Street, Suite 1890, Vancouver, BC, CAN, V6E 3C9

Website

https://www.koryxcopper.com

Koryx Copper Inc is engaged in mineral exploration and manages related industry risk issues directly. The company specializes in delivering comprehensive mineral exploration solutions, from prospecting and drilling to geological analysis and resource assessment with a mission of high-quality assets located in mineralized zones conveniently situated near existing infrastructure within stable countries, thereby delivering reliable data, facilitating sound investment decisions, and contributing to sustainable resource development responsibly.