Kendrick Resources (LSE:KEN) ROCE % : -10.65% (As of Jun. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Kendrick 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. Kendrick Resources's annualized ROCE % for the quarter that ended in Jun. 2024 was -10.65%.

Kendrick Resources ROCE % Historical Data

The historical data trend for Kendrick 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.

* Premium members only.

Kendrick Resources ROCE % Chart

Kendrick Resources Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-194.90

-31.43

-39.05

-21.58

Kendrick Resources Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial				-14.74	-31.63	-8.93	-34.29	-10.65

Kendrick Resources ROCE % Calculation

Kendrick 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 )
	=	-1.095	/	( ( (5.852 - 0.284)	+	(5.007 - 0.429) )	/ 2 )
	=	-1.095	/	( (5.568	+	4.578)	/ 2 )
	=	-1.095	/	5.073
	=	-21.58 %

Kendrick 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 )
	=	-0.478	/	( ( (5.007 - 0.429)	+	(5.03 - 0.631) )	/ 2 )
	=	-0.478	/	( ( 4.578	+	4.399 )	/ 2 )
	=	-0.478	/	4.4885
	=	-10.65 %

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

Kendrick Resources (LSE:KEN) 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.

Kendrick Resources ROCE % Related Terms

Thank you for viewing the detailed overview of Kendrick Resources's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Kendrick Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

7/8 Kendrick Mews, South Kensington, London, GBR, SW7 3HG

Website

https://www.kendrickresources.com

Kendrick Resources PLC is a mineral exploration and development company with projects based across Scandinavia. The principal of its business is to explore the opportunities within the natural resources sector with a focus on battery, base, and precious metals including but not limited to vanadium and nickel. The company has several projects in different stages such as the Airijoki and Koitelainen vanadium projects in Sweden and Finland respectively and the Espedalen nickel-copper project in Norway. The other projects include the Njuggtraskliden and Mjovattnet exploration projects and the Kullberget, Simesvallen, and Sumassjon exploration projects.