Codrus Minerals (ASX:CDR) ROCE % : -123.74% (As of Dec. 2023)

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What is Codrus 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. Codrus Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -123.74%.

Codrus Minerals ROCE % Historical Data

The historical data trend for Codrus 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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Codrus Minerals ROCE % Chart

Codrus Minerals Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

-21.46

-73.32

-95.79

Codrus Minerals Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-62.03	-90.89	-69.26	-127.08	-123.74

Codrus Minerals ROCE % Calculation

Codrus Minerals's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-2.694	/	( ( (4.215 - 0.302)	+	(1.984 - 0.272) )	/ 2 )
	=	-2.694	/	( (3.913	+	1.712)	/ 2 )
	=	-2.694	/	2.8125
	=	-95.79 %

Codrus Minerals'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 )
	=	-2.116	/	( ( (1.984 - 0.272)	+	(1.951 - 0.243) )	/ 2 )
	=	-2.116	/	( ( 1.712	+	1.708 )	/ 2 )
	=	-2.116	/	1.71
	=	-123.74 %

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

Codrus Minerals (ASX:CDR) 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.

Codrus Minerals ROCE % Related Terms

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Codrus Minerals (ASX:CDR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Codrus Minerals Ltd (ASX:CDR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Altona Street, Level 2, West Perth, WA, AUS, 6005

Website

https://www.codrusminerals.com.au

Codrus Minerals Ltd is an Australia-based gold exploration company. It has an interest in Silver Swan South, Red Gate, and Middle Creek Projects in Western Australia. It also has interests in the Bull Run project located in baker county, United States.