Critical Mineral Resources (LSE:CMRS) ROCE % : 0.00% (As of Jun. 2024)

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What is Critical Mineral 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. Critical Mineral Resources's annualized ROCE % for the quarter that ended in Jun. 2024 was 0.00%.

Critical Mineral Resources ROCE % Historical Data

The historical data trend for Critical Mineral 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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Critical Mineral Resources ROCE % Chart

Critical Mineral Resources Annual Data

Trend

Nov18

Nov19

Dec21

Dec22

Dec23

ROCE %

-24.52

-155.57

Critical Mineral Resources Semi-Annual Data
	Nov18	May19	Nov19	May20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial						-28.65	-373.73	-	-	-

Critical Mineral Resources ROCE % Calculation

Critical Mineral Resources'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 )
	=	-1.09	/	( ( (1.243 - 1.376)	+	(0.251 - 0.281) )	/ 2 )
	=	-1.09	/	( (-0.133	+	-0.03)	/ 2 )
	=	-1.09	/	-0.0815
	=	1,337.42 %

Critical Mineral Resources's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-0.552	/	( ( (0.251 - 0.281)	+	(0.255 - 0.335) )	/ 2 )
	=	-0.552	/	( ( -0.03	+	-0.08 )	/ 2 )
	=	-0.552	/	-0.055
	=	0 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Critical Mineral Resources (LSE:CMRS) 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.

Critical Mineral Resources ROCE % Related Terms

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Critical Mineral Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Critical Mineral Resources PLC (LSE:CMRS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Eccleston Place, Eccleston Yards, London, GBR, SW1W 9NF

Website

https://www.cmrplc.com

Critical Mineral Resources PLC is engaged in exploration for, and development of mineral resources, including in Morocco, and the identification of future acquisition targets in the same industry. Its current focus is on copper-gold opportunities. Some of its projects are Morocco and Anzar Copper.

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