Kesselrun Resources (FRA:CMG) ROCE % : -4.66% (As of Jan. 2024)

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What is Kesselrun Resources 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. Kesselrun Resources's annualized ROCE % for the quarter that ended in Jan. 2024 was -4.66%.

Kesselrun Resources ROCE % Historical Data

The historical data trend for Kesselrun Resources'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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Kesselrun Resources ROCE % Chart

Kesselrun Resources Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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-23.99

5.01

-11.24

-1.58

-4.39

Kesselrun Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-4.32	-6.49	-6.75	-6.04	-4.66

Kesselrun Resources ROCE % Calculation

Kesselrun Resources's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	-0.331	/	( ( (8.979 - 0.863)	+	(7.515 - 0.545) )	/ 2 )
	=	-0.331	/	( (8.116	+	6.97)	/ 2 )
	=	-0.331	/	7.543
	=	-4.39 %

Kesselrun Resources's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-0.32	/	( ( (7.826 - 0.891)	+	(7.931 - 1.145) )	/ 2 )
	=	-0.32	/	( ( 6.935	+	6.786 )	/ 2 )
	=	-0.32	/	6.8605
	=	-4.66 %

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

Kesselrun Resources (FRA:CMG) 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.

Kesselrun Resources ROCE % Related Terms

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Kesselrun Resources (FRA:CMG) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kesselrun Resources Ltd (FRA:CMG) » Definitions » ROCE %

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KSSRF:USA KES:Canada

Address

278 Bay Street, Suite 102, Thunder Bay, ON, CAN, P7B 1R8

Website

https://www.kesselrunresources.com

Kesselrun Resources Ltd is engaged in the acquisition, exploration, and development of mineral properties. Its principal focus is its Bluffpoint property located in Bluffpoint Lake Township, with portions extending into the townships of Lawrence Lake, Napanee Lake, and Barker Bay in the Kenora Mining Division of Northwestern Ontario. It also holds an interest in the Huronian Property, which is located in Moss Township, Thunder Bay Mining Division, Ontario. the Huronian property is wholly owned by the company and provides gold trends and other materials.