Kalgoorlie Gold Mining (ASX:KAL) ROCE % : -7.92% (As of Dec. 2023)

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What is Kalgoorlie Gold Mining 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. Kalgoorlie Gold Mining's annualized ROCE % for the quarter that ended in Dec. 2023 was -7.92%.

Kalgoorlie Gold Mining ROCE % Historical Data

The historical data trend for Kalgoorlie Gold Mining'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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Kalgoorlie Gold Mining ROCE % Chart

Kalgoorlie Gold Mining Annual Data

Trend

Jun22

Jun23

ROCE %

-4.64

-5.79

Kalgoorlie Gold Mining Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-6.13	-3.04	-5.90	-5.81	-7.92

Kalgoorlie Gold Mining ROCE % Calculation

Kalgoorlie Gold Mining'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 )
	=	-0.959	/	( ( (17.194 - 0.463)	+	(16.728 - 0.331) )	/ 2 )
	=	-0.959	/	( (16.731	+	16.397)	/ 2 )
	=	-0.959	/	16.564
	=	-5.79 %

Kalgoorlie Gold Mining'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 )
	=	-1.074	/	( ( (16.728 - 0.331)	+	(10.943 - 0.226) )	/ 2 )
	=	-1.074	/	( ( 16.397	+	10.717 )	/ 2 )
	=	-1.074	/	13.557
	=	-7.92 %

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

Kalgoorlie Gold Mining (ASX:KAL) 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.

Kalgoorlie Gold Mining ROCE % Related Terms

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Kalgoorlie Gold Mining (ASX:KAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kalgoorlie Gold Mining Ltd (ASX:KAL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

KALMF:USA

Address

1209 Hay Street, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.kalgoldmining.com.au

Kalgoorlie Gold Mining Ltd is a mineral exploration company. Its project include Bulong Taurus Gold Project, Laverton Tectonic Zone, Keith-Kilkenny Tectonic Zone, Kalgoorlie Project, Pianto South Project, Davies Dam Project and Perrinvale Project.

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