Koonenberry gold (ASX:KNB) ROCE % : -15.70% (As of Dec. 2023)

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What is Koonenberry gold 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. Koonenberry gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -15.70%.

Koonenberry gold ROCE % Historical Data

The historical data trend for Koonenberry gold'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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Koonenberry gold ROCE % Chart

Koonenberry gold Annual Data

Trend

Jun22

Jun23

ROCE %

-15.65

-16.37

Koonenberry gold Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-15.31	-13.94	-17.31	-15.42	-15.70

Koonenberry gold ROCE % Calculation

Koonenberry gold'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 )
	=	-1.551	/	( ( (10.415 - 0.287)	+	(9.045 - 0.222) )	/ 2 )
	=	-1.551	/	( (10.128	+	8.823)	/ 2 )
	=	-1.551	/	9.4755
	=	-16.37 %

Koonenberry gold'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 )
	=	-1.34	/	( ( (9.045 - 0.222)	+	(8.507 - 0.259) )	/ 2 )
	=	-1.34	/	( ( 8.823	+	8.248 )	/ 2 )
	=	-1.34	/	8.5355
	=	-15.70 %

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

Koonenberry gold (ASX:KNB) 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.

Koonenberry gold ROCE % Related Terms

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Koonenberry gold (ASX:KNB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Koonenberry gold Ltd (ASX:KNB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 2, Suite 6, 72-78 Carrington Street, Adelaide, SA, AUS, 5000

Website

https://www.koonenberrygold.com.au

Koonenberry gold Ltd is an Australian based gold and mineral exploration development company. Its primary purpose is to create value for shareholders through potential gold discoveries within Australia. It owned the Koonenberry Gold Project located in north-western New South Wales.

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