Kore Mining (STU:EUSA) ROCE % : -72.20% (As of Sep. 2024)

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What is Kore Mining 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. Kore Mining's annualized ROCE % for the quarter that ended in Sep. 2024 was -72.20%.

Kore Mining ROCE % Historical Data

The historical data trend for Kore Mining'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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Kore Mining ROCE % Chart

Kore Mining Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-74.05

-161.50

5.51

-107.51

-78.94

Kore Mining Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-183.92	-42.63	-73.28	-56.04	-72.20

Kore Mining ROCE % Calculation

Kore Mining'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 )
	=	-1.053	/	( ( (2.308 - 0.522)	+	(1.457 - 0.575) )	/ 2 )
	=	-1.053	/	( (1.786	+	0.882)	/ 2 )
	=	-1.053	/	1.334
	=	-78.94 %

Kore Mining's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-0.496	/	( ( (1.369 - 0.613)	+	(1.312 - 0.694) )	/ 2 )
	=	-0.496	/	( ( 0.756	+	0.618 )	/ 2 )
	=	-0.496	/	0.687
	=	-72.20 %

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

Kore Mining (STU:EUSA) 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.

Kore Mining ROCE % Related Terms

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Kore Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kore Mining Ltd (STU:EUSA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

KOREF:USA EUS:Germany KORE:Canada

Address

700 W Georgia Street, 25th Floor, Vancouver, BC, CAN, V7Y 1B3

Website

https://www.koremining.com

Kore Mining Ltd is an exploration and development stage company. It is engaged in the acquisition, exploration, and development of exploration and evaluation properties in the United States and Canada. The company owns interests in the Imperial and Long Valley, gold development projects, located in California, USA, as well as projects in British Columbia, Canada.