Kopy Goldfields AB (OSTO:KOPY) ROCE % : 79.50% (As of Jun. 2024)

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What is Kopy Goldfields 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. Kopy Goldfields AB's annualized ROCE % for the quarter that ended in Jun. 2024 was 79.50%.

Kopy Goldfields AB ROCE % Historical Data

The historical data trend for Kopy Goldfields 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.

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Kopy Goldfields AB ROCE % Chart

Kopy Goldfields AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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28.67

24.24

11.77

-18.27

18.97

Kopy Goldfields AB Quarterly Data
	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															3.11	16.78	16.50	5.32	79.50

Kopy Goldfields AB ROCE % Calculation

Kopy Goldfields 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 )
	=	165.383	/	( ( (2318.155 - 1360.504)	+	(2421.183 - 1634.877) )	/ 2 )
	=	165.383	/	( (957.651	+	786.306)	/ 2 )
	=	165.383	/	871.9785
	=	18.97 %

Kopy Goldfields AB'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: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	628.128	/	( ( (2612.278 - 1873.545)	+	(2837.048 - 1995.508) )	/ 2 )
	=	628.128	/	( ( 738.733	+	841.54 )	/ 2 )
	=	628.128	/	790.1365
	=	79.50 %

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

Kopy Goldfields AB (OSTO:KOPY) 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.

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Kopy Goldfields AB Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kopy Goldfields AB (OSTO:KOPY) » Definitions » ROCE %

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Address

Eriksbergsgatan 10, PO Box 7292, Stockholm, SWE, 103 90

Website

https://www.kopygoldfields.com

Kopy Goldfields AB is a Sweden-based gold and silver exploration and development company. The company has two bedrock mines, Yubileyniy and Perevalnoe, and two placer mines, Buor-Sala and Khayarylakh, in the Khabarovsk region of Russia.

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