Kingsview Minerals (XCNQ:KVM) ROCE % : 0.00% (As of Mar. 2024)

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What is Kingsview 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. Kingsview Minerals's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.00%.

Kingsview Minerals ROCE % Historical Data

The historical data trend for Kingsview 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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Kingsview Minerals ROCE % Chart

Kingsview Minerals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-49.58

-274.05

-455.22

-519.46

Kingsview Minerals Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									-248.18	-786.94	-	-	-

Kingsview Minerals ROCE % Calculation

Kingsview 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 )
	=	-0.574	/	( ( (0.555 - 0.192)	+	(0.235 - 0.377) )	/ 2 )
	=	-0.574	/	( (0.363	+	-0.142)	/ 2 )
	=	-0.574	/	0.1105
	=	-519.46 %

Kingsview Minerals's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-0.292	/	( ( (0.235 - 0.377)	+	(0.168 - 0.383) )	/ 2 )
	=	-0.292	/	( ( -0.142	+	-0.215 )	/ 2 )
	=	-0.292	/	-0.1785
	=	0 %

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

Kingsview Minerals (XCNQ:KVM) 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.

Kingsview Minerals ROCE % Related Terms

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Kingsview Minerals (XCNQ:KVM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kingsview Minerals Ltd (XCNQ:KVM) » Definitions » ROCE %

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Traded in Other Exchanges

0L4:Germany

Address

580 Hornby Street, Suite 510, Vancouver, BC, CAN, V6C 3B6

Website

https://www.kingsviewminerals.ca

Kingsview Minerals Ltd is a mineral exploration company. The company is focused on its portfolio of gold exploration properties. The Company has acquired a portfolio of properties in the Wawa mining district of Ontario. It holds an interest in Echum and Hubcap projects, located in the southern part of the Wawa Greenstone belt. The business of the Company is the acquisition and exploration of resource properties. The Company's business activity is the acquisition and exploration of exploration and evaluation assets in Canada.

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