Copperstone Resources AB (OSTO:COPP) ROCE % : -3.68% (As of Mar. 2024)

View and export this data going back to 2007. Start your Free Trial

What is Copperstone Resources AB 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. Copperstone Resources AB's annualized ROCE % for the quarter that ended in Mar. 2024 was -3.68%.

Copperstone Resources AB ROCE % Historical Data

The historical data trend for Copperstone Resources AB'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.

Copperstone Resources AB ROCE % Chart

Copperstone Resources AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-5.72

2.39

-3.39

-2.49

-2.45

Copperstone Resources AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-2.59	-2.79	-1.28	-2.90	-3.68

Copperstone Resources AB ROCE % Calculation

Copperstone Resources AB'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 )
	=	-27.8	/	( ( (1063.7 - 44)	+	(1294 - 48.8) )	/ 2 )
	=	-27.8	/	( (1019.7	+	1245.2)	/ 2 )
	=	-27.8	/	1132.45
	=	-2.45 %

Copperstone Resources AB's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-45.6	/	( ( (1294 - 48.8)	+	(1283.3 - 49.6) )	/ 2 )
	=	-45.6	/	( ( 1245.2	+	1233.7 )	/ 2 )
	=	-45.6	/	1239.45
	=	-3.68 %

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

Copperstone Resources AB (OSTO:COPP) 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.

Copperstone Resources AB ROCE % Related Terms

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

Copperstone Resources AB (OSTO:COPP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Copperstone Resources AB (OSTO:COPP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

5KP:Germany

Address

Verkstadsvagen 52, Kopparberg, SWE, 714 36

Website

http://www.copperstone.se

Copperstone Resources AB is a Sweden-based exploration and mining company in the Industrial Metals and Mining division. It is primarily focused on developing the Viscaria copper mine in the region of Kiruna in northern Sweden. The company explores for copper, gold, zink, lead, and other minerals. It also holds interests in projects in Arvidsjaur (Eva, Svartliden, Granliden) and in Smedjebacken (Tvistbo), all located in the northern Sweden.