Kobo Resources (TSXV:KRI) ROCE % : -307.48% (As of Sep. 2023)

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What is Kobo 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. Kobo Resources's annualized ROCE % for the quarter that ended in Sep. 2023 was -307.48%.

Kobo Resources ROCE % Historical Data

The historical data trend for Kobo 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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Kobo Resources ROCE % Chart

Kobo Resources Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-1,867.92

-1,911.11

Kobo Resources Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial				-	-	-310.18	-111.94	-307.48

Kobo Resources ROCE % Calculation

Kobo Resources's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-1.445	/	( ( (0.721 - 0.621)	+	(0.308 - 0.979) )	/ 2 )
	=	-1.445	/	( (0.1	+	-0.671)	/ 2 )
	=	-1.445	/	-0.2855
	=	506.13 %

Kobo Resources's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-6.76	/	( ( (3.032 - 0.765)	+	(2.87 - 0.74) )	/ 2 )
	=	-6.76	/	( ( 2.267	+	2.13 )	/ 2 )
	=	-6.76	/	2.1985
	=	-307.48 %

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

Kobo Resources (TSXV:KRI) 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.

Kobo Resources ROCE % Related Terms

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Kobo Resources (TSXV:KRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kobo Resources Inc (TSXV:KRI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

388 Grande-Allee East, Suite 101, Quebec, QC, CAN, G1R 2J4

Website

https://www.koboresources.com

Kobo Resources Inc is an exploration and mining development company focused on acquiring, exploring and developing gold property assets located in West Africa and primarily in Cote d'Ivoire.

Executives

Patrick Gagnon

Director

Kobo Resources (TSXV:KRI) Headlines

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