Kodal Minerals (LSE:KOD) ROCE % : -6.88% (As of Sep. 2023)

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What is Kodal 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. Kodal Minerals's annualized ROCE % for the quarter that ended in Sep. 2023 was -6.88%.

Kodal Minerals ROCE % Historical Data

The historical data trend for Kodal 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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Kodal Minerals ROCE % Chart

Kodal Minerals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-10.24

-7.95

-5.71

-7.15

-10.83

Kodal Minerals Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															-5.58	-8.67	-7.29	-13.05	-6.88

Kodal Minerals ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-1.461	/	( ( (12.497 - 0.406)	+	(15.683 - 0.8) )	/ 2 )
	=	-1.461	/	( (12.091	+	14.883)	/ 2 )
	=	-1.461	/	13.487
	=	-10.83 %

Kodal Minerals's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-1.018	/	( ( (15.683 - 0.8)	+	(19.068 - 4.348) )	/ 2 )
	=	-1.018	/	( ( 14.883	+	14.72 )	/ 2 )
	=	-1.018	/	14.8015
	=	-6.88 %

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

Kodal Minerals (LSE:KOD) 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.

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Kodal Minerals (LSE:KOD) Business Description

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

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7UE:Germany

Address

35-39 Maddox Street, Prince Frederick House, London, GBR, W1S 2PP

Website

https://www.kodalminerals.com

Kodal Minerals PLC is a mining and exploration company that acquires or discovers and develops mineral assets. Its operating segments include West African Gold Projects, the West African Lithium Projects, the Norway Projects, and the UK administration operations. The company has legacy interests in Norway including the Kodal phosphate and iron deposit in the south of the country and the copper focussed Grimeli Project in the West. Its Bougouni Project consists of two concessions, the Kolassokoro and Madina licences, which cover a contiguous area of around 500 square kilometres.