Kenorland Minerals (TSXV:KLD) ROCE % : -12.42% (As of Dec. 2023)

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What is Kenorland Minerals 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. Kenorland Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -12.42%.

Kenorland Minerals ROCE % Historical Data

The historical data trend for Kenorland Minerals'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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Kenorland Minerals ROCE % Chart

Kenorland Minerals Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

15.98

-77.12

5.76

55.35

-9.50

Kenorland Minerals Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial												54.63	-22.56	14.31	-17.20	-12.42

Kenorland Minerals ROCE % Calculation

Kenorland Minerals'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 )
	=	-4.354	/	( ( (55.551 - 8.252)	+	(50.083 - 5.732) )	/ 2 )
	=	-4.354	/	( (47.299	+	44.351)	/ 2 )
	=	-4.354	/	45.825
	=	-9.50 %

Kenorland Minerals's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-5.596	/	( ( (53.138 - 7.37)	+	(50.083 - 5.732) )	/ 2 )
	=	-5.596	/	( ( 45.768	+	44.351 )	/ 2 )
	=	-5.596	/	45.0595
	=	-12.42 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Kenorland Minerals (TSXV:KLD) 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.

Kenorland Minerals ROCE % Related Terms

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Kenorland Minerals (TSXV:KLD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kenorland Minerals Ltd (TSXV:KLD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

KLDCF:USA 3WQ0:Germany

Address

1570-1111 West Georgia Street, Vancouver, BC, CAN, V6E 4M3

Website

https://www.kenorlandminerals.com

Kenorland Minerals Ltd operates as a mineral exploration company. It has one operating segment, which is the exploration of mineral properties. The company focuses on the identification, acquisition, and exploration of mineral properties. Kenorland Minerals serves customers worldwide. Its projects include Frotet project, Healy project, Tanacross project, among others.

Executives

Zachary Edward Flood

10% Security Holder, Director, Senior Officer

Kenorland Minerals (TSXV:KLD) Headlines

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