Cadence Minerals (LSE:KDNC) ROCE % : -16.61% (As of Jun. 2023)

View and export this data going back to 2005. Start your Free Trial

What is Cadence 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. Cadence Minerals's annualized ROCE % for the quarter that ended in Jun. 2023 was -16.61%.

Cadence Minerals ROCE % Historical Data

The historical data trend for Cadence 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.

* Premium members only.

Cadence Minerals ROCE % Chart

Cadence Minerals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

Get a 7-Day Free Trial

-63.13

-16.49

49.09

-0.64

-25.29

Cadence Minerals Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															24.07	-25.23	-45.95	-4.20	-16.61

Cadence Minerals ROCE % Calculation

Cadence Minerals's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-5.497	/	( ( (23.006 - 0.853)	+	(21.638 - 0.317) )	/ 2 )
	=	-5.497	/	( (22.153	+	21.321)	/ 2 )
	=	-5.497	/	21.737
	=	-25.29 %

Cadence Minerals'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 )
	=	-3.836	/	( ( (21.638 - 0.317)	+	(25.787 - 0.913) )	/ 2 )
	=	-3.836	/	( ( 21.321	+	24.874 )	/ 2 )
	=	-3.836	/	23.0975
	=	-16.61 %

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

Cadence Minerals (LSE:KDNC) 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.

Cadence Minerals ROCE % Related Terms

Thank you for viewing the detailed overview of Cadence Minerals's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Cadence Minerals (LSE:KDNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cadence Minerals PLC (LSE:KDNC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

KDNC:UK

Address

20 Primrose Street, C/o The Broadgate Tower, London, GBR, EC2A 2EW

Website

https://www.cadenceminerals.com

Cadence Minerals PLC is engaged in identifying, investing, and developing Mineral resources. The Group is also exploring other mining-related opportunities. The company invests across the globe, principally in lithium mining projects. The company projects include Sonora Lithium, Cinovec Lithium, Yangibana Rare Earth Project, and Macarthur Minerals Projects where the Sonora Lithium Project consists of over 10 concessions confer rights for exploration, mining, and production, the Cinovec Lithium Project hosts tin deposit, the Karibib Lithium Project consists of five existing Exclusive Prospecting Licenses (EPLs) in the region and Yangibana Project hosts extensive rare earths-bearing ferrocarbonatite/ironstone veins.

Cadence Minerals (LSE:KDNC) Headlines

No Headlines