Cyprium Metals (ASX:CYM) ROCE % : -11.80% (As of Jun. 2023)

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What is Cyprium Metals 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. Cyprium Metals's annualized ROCE % for the quarter that ended in Jun. 2023 was -11.80%.

Cyprium Metals ROCE % Historical Data

The historical data trend for Cyprium Metals'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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Cyprium Metals ROCE % Chart

Cyprium Metals Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-28.23

-18.79

-31.67

-18.91

-11.60

Cyprium Metals Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-21.38	-23.86	-15.60	-11.80	-11.78

Cyprium Metals ROCE % Calculation

Cyprium Metals'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 )
	=	-18.082	/	( ( (154.502 - 6.531)	+	(182.929 - 19.124) )	/ 2 )
	=	-18.082	/	( (147.971	+	163.805)	/ 2 )
	=	-18.082	/	155.888
	=	-11.60 %

Cyprium Metals's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-17.63	/	( ( (154.502 - 6.531)	+	(160.546 - 9.599) )	/ 2 )
	=	-17.63	/	( ( 147.971	+	150.947 )	/ 2 )
	=	-17.63	/	149.459
	=	-11.80 %

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

Cyprium Metals (ASX:CYM) 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.

Cyprium Metals ROCE % Related Terms

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Cyprium Metals (ASX:CYM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cyprium Metals Ltd (ASX:CYM) » Definitions » ROCE %

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Traded in Other Exchanges

CYPMF:USA

Address

437 Roberts Road, Ground Floor, Subiaco, Perth, WA, AUS, 6008

Website

https://www.cypriummetals.com

Cyprium Metals Ltd is a company engaged in the business of mineral exploration. The company operates through various projects including Nifty Copper Mines; Maroochydore Copper Project; Paterson Exploration Project and Murchison Copper-Gold Project.

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