Kapa Gold (TSXV:KAPA) ROCE % : -24.12% (As of Dec. 2023)

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What is Kapa Gold 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. Kapa Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -24.12%.

Kapa Gold ROCE % Historical Data

The historical data trend for Kapa Gold'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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Kapa Gold ROCE % Chart

Kapa Gold Annual Data

Trend

Apr18

Apr19

Apr20

Apr21

Apr22

Dec23

ROCE %

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-56.03

-15.07

-43.46

-61.60

-60.40

Kapa Gold Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-68.36	-23.41	-29.34	-32.08	-24.12

Kapa Gold ROCE % Calculation

Kapa Gold'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: Apr. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Apr. 2022 )		(A: Dec. 2023 )
	=	-0.771	/	( ( (0.099 - 0.017)	+	(2.728 - 0.257) )	/ 2 )
	=	-0.771	/	( (0.082	+	2.471)	/ 2 )
	=	-0.771	/	1.2765
	=	-60.40 %

Kapa Gold'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 )
	=	-0.616	/	( ( (2.836 - 0.2)	+	(2.728 - 0.257) )	/ 2 )
	=	-0.616	/	( ( 2.636	+	2.471 )	/ 2 )
	=	-0.616	/	2.5535
	=	-24.12 %

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

Kapa Gold (TSXV:KAPA) 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.

Kapa Gold ROCE % Related Terms

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Kapa Gold (TSXV:KAPA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kapa Gold Inc (TSXV:KAPA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1199 West Hastings Street, Suite 1400, Vancouver, BC, CAN, V6E 3T5

Website

https://www.kapagold.com

Kapa Gold Inc, along with its subsidiary is engaged in mineral exploration operations. The company's principal business activity is the acquisition and exploration of mineral property interests. Its project includes Mastodon Nickel Project and Blackhawk Mine.

Executives

David Karl Paxton

Director, Senior Officer

Kapa Gold (TSXV:KAPA) Headlines

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