Cobra Resources (LSE:COBR) ROCE % : -18.97% (As of Jun. 2024)

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What is Cobra 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. Cobra Resources's annualized ROCE % for the quarter that ended in Jun. 2024 was -18.97%.

Cobra Resources ROCE % Historical Data

The historical data trend for Cobra 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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Cobra Resources ROCE % Chart

Cobra Resources Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-322.49

-75.64

-71.14

-16.48

-23.96

Cobra Resources Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial							-18.09	-15.42	-16.69	-33.06	-18.97

Cobra Resources ROCE % Calculation

Cobra 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 )
	=	-0.894	/	( ( (4.086 - 0.229)	+	(3.966 - 0.362) )	/ 2 )
	=	-0.894	/	( (3.857	+	3.604)	/ 2 )
	=	-0.894	/	3.7305
	=	-23.96 %

Cobra 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 )
	=	-0.766	/	( ( (3.966 - 0.362)	+	(4.789 - 0.316) )	/ 2 )
	=	-0.766	/	( ( 3.604	+	4.473 )	/ 2 )
	=	-0.766	/	4.0385
	=	-18.97 %

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

Cobra Resources (LSE:COBR) 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.

Cobra Resources ROCE % Related Terms

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Cobra Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

107 Cheapside, 9th Floor, London, GBR, EC2V 6DN

Website

https://www.cobraplc.com

Cobra Resources PLC is an investment company that operates in the extractive industry to explore, develop and mine precious and base metal projects. The Group is engaged in a single segment of business being the exploration of gold in Australia. The Group currently has two geographical reportable segments United Kingdom and Australia.

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