Kenmare Resources (LSE:KMR) ROCE % : 12.95% (As of Dec. 2023)

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What is Kenmare 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. Kenmare Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.95%.

Kenmare Resources ROCE % Historical Data

The historical data trend for Kenmare 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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Kenmare Resources ROCE % Chart

Kenmare Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.73

3.15

13.93

21.78

13.23

Kenmare Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															17.68	14.50	28.57	13.72	12.95

Kenmare Resources ROCE % Calculation

Kenmare Resources'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 )
	=	125.32	/	( ( (1025.287 - 63.896)	+	(996.325 - 63.394) )	/ 2 )
	=	125.32	/	( (961.391	+	932.931)	/ 2 )
	=	125.32	/	947.161
	=	13.23 %

Kenmare Resources'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	120.902	/	( ( (987.268 - 52.889)	+	(996.325 - 63.394) )	/ 2 )
	=	120.902	/	( ( 934.379	+	932.931 )	/ 2 )
	=	120.902	/	933.655
	=	12.95 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Kenmare Resources (LSE:KMR) 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.

Kenmare Resources ROCE % Related Terms

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Kenmare Resources (LSE:KMR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kenmare Resources PLC (LSE:KMR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

KMRPF:USA KMR:Ireland KMRl:UK JEVA:Germany

Address

Hatch Street Upper, 4th Floor, Styne House, Dublin 2, IRL, D02 DY27

Website

https://www.kenmareresources.com

Kenmare Resources PLC is a mining company. The company operates the Moma Titanium Minerals Mine located on the northern coast of Mozambique. Its product types are ilmenite, zircon, rutile, and concentrates. Concentrates include secondary zircon and mineral sands concentrates. The sale of ilmenite accounts for the majority of its revenue. Its geographical segments are China, Italy, the United States, and the Rest of the world. The company derives a majority of its revenue from China.

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