King Copper Discovery (TSXV:KCP) ROCE % : -147.54% (As of Sep. 2024)

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What is King Copper Discovery 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. King Copper Discovery's annualized ROCE % for the quarter that ended in Sep. 2024 was -147.54%.

King Copper Discovery ROCE % Historical Data

The historical data trend for King Copper Discovery'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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King Copper Discovery ROCE % Chart

King Copper Discovery Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-191.63

-97.36

-75.58

-109.74

-289.46

King Copper Discovery 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															-175.06	-188.55	-139.96	-177.57	-147.54

King Copper Discovery ROCE % Calculation

King Copper Discovery'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 )
	=	-4.763	/	( ( (2.404 - 0.503)	+	(1.918 - 0.528) )	/ 2 )
	=	-4.763	/	( (1.901	+	1.39)	/ 2 )
	=	-4.763	/	1.6455
	=	-289.46 %

King Copper Discovery'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 )
	=	-2.576	/	( ( (2.445 - 0.487)	+	(2.424 - 0.89) )	/ 2 )
	=	-2.576	/	( ( 1.958	+	1.534 )	/ 2 )
	=	-2.576	/	1.746
	=	-147.54 %

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

King Copper Discovery (TSXV:KCP) 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.

King Copper Discovery ROCE % Related Terms

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King Copper Discovery Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

TBXXF:USA 3RI0:Germany

Address

1507 - 1030 West Georgia Street, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.kingcopperdiscovery.com

King Copper Discovery Corp is an exploration company focused on advancing the high-grade Colquemayo Project in Peru, a 6,600-hectare property with significant copper-gold-silver mineralization. It is is dedicated to responsible exploration and developing Colquemayo into a premier asset in South America.

Executives

James Rogers	Director, Senior Officer
Jonathan Richards	Senior Officer
Bryan James Rees Slusarchuk	Director
Mark Price Eaton	Director

King Copper Discovery Headlines

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