Karelian Diamond Resources (LSE:KDR) ROCE % : -2.65% (As of Nov. 2023)

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What is Karelian Diamond 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. Karelian Diamond Resources's annualized ROCE % for the quarter that ended in Nov. 2023 was -2.65%.

Karelian Diamond Resources ROCE % Historical Data

The historical data trend for Karelian Diamond 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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Karelian Diamond Resources ROCE % Chart

Karelian Diamond Resources Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

ROCE %

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-4.06

-4.85

-4.20

0.22

-2.99

Karelian Diamond Resources Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
ROCE %	Get a 7-Day Free Trial															2.04	-1.71	-3.54	-2.54	-2.65

Karelian Diamond Resources ROCE % Calculation

Karelian Diamond Resources's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	-0.251	/	( ( (9.424 - 1.367)	+	(9.979 - 1.25) )	/ 2 )
	=	-0.251	/	( (8.057	+	8.729)	/ 2 )
	=	-0.251	/	8.393
	=	-2.99 %

Karelian Diamond Resources's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: May. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: May. 2023 )		(Q: Nov. 2023 )
	=	-0.232	/	( ( (9.979 - 1.25)	+	(10.192 - 1.437) )	/ 2 )
	=	-0.232	/	( ( 8.729	+	8.755 )	/ 2 )
	=	-0.232	/	8.742
	=	-2.65 %

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

Karelian Diamond Resources (LSE:KDR) 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.

Karelian Diamond Resources ROCE % Related Terms

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Karelian Diamond Resources (LSE:KDR) Business Description

Industry

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

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Traded in Other Exchanges

N/A

Address

3300 Lake Drive, Citywest Business Campus, Dublin, IRL, D24 TD21

Website

http://www.kareliandiamondresources.com

Karelian Diamond Resources PLC is an Ireland-based company which focuses on the discovery of diamond deposits in Finland. It is engaged in exploring for diamonds and evaluating an existing diamond prospect (diamondiferous kimberlite pipe) in the Karelian Craton of Finland. The company's diamond exploration projects include The Lahtojoki diamond project, The Seitapera diamondiferous kimberlite pipe, and The Riihivaara diamond exploration project which is in Kuopio, Kuhmo, and Riihivaara respectively.

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