Kodiak Copper (TSXV:KDK) ROCE % : -11.35% (As of Mar. 2024)

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What is Kodiak Copper 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. Kodiak Copper's annualized ROCE % for the quarter that ended in Mar. 2024 was -11.35%.

Kodiak Copper ROCE % Historical Data

The historical data trend for Kodiak Copper'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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Kodiak Copper ROCE % Chart

Kodiak Copper Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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-13.70

-23.53

-28.84

-16.23

-10.47

Kodiak Copper 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															-19.18	-10.40	-7.85	-7.37	-11.35

Kodiak Copper ROCE % Calculation

Kodiak Copper's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-3.238	/	( ( (30.661 - 2.542)	+	(35.999 - 2.245) )	/ 2 )
	=	-3.238	/	( (28.119	+	33.754)	/ 2 )
	=	-3.238	/	30.9365
	=	-10.47 %

Kodiak Copper'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 )
	=	-3.808	/	( ( (34.74 - 1.001)	+	(34.107 - 0.77) )	/ 2 )
	=	-3.808	/	( ( 33.739	+	33.337 )	/ 2 )
	=	-3.808	/	33.538
	=	-11.35 %

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

Kodiak Copper (TSXV:KDK) 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.

Kodiak Copper ROCE % Related Terms

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Kodiak Copper (TSXV:KDK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kodiak Copper Corp (TSXV:KDK) » Definitions » ROCE %

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KDKCF:USA 5DD1:Germany

Address

800 West Pender Street, Suite 1020, Vancouver, BC, CAN, V6C 2V6

Website

https://www.kodiakcoppercorp.com

Kodiak Copper Corp is focused on its 100% owned copper porphyry projects in Canada and the USA. The company's asset includes the MPD copper-gold porphyry project in the prolific Quesnel Trough in southern British Columbia, Canada, where the firm made a high-grade discovery at the Gate Zone, which is part of a zoned, copper-gold enriched envelope of significant size. Kodiak also holds the Mohave copper-molybdenum-silver porphyry project in Arizona, USA, near the Bagdad mine. Both of Kodiak's porphyry projects have been historically drilled.

Executives

Christopher Neil Akehurst Taylor

Director, Senior Officer

Kodiak Copper (TSXV:KDK) Headlines

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