Kore Potash (LSE:KP2) ROCE % : -0.54% (As of Jun. 2023)

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What is Kore Potash 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. Kore Potash's annualized ROCE % for the quarter that ended in Jun. 2023 was -0.54%.

Kore Potash ROCE % Historical Data

The historical data trend for Kore Potash'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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Kore Potash ROCE % Chart

Kore Potash Annual Data

Trend

Dec14

Dec15

Dec16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.59

-1.83

-1.10

-0.91

-0.62

Kore Potash Semi-Annual Data
	Dec14	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial											-0.74	-1.09	-0.74	-0.54	-0.72

Kore Potash ROCE % Calculation

Kore Potash'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 )
	=	-1.24	/	( ( (134.228 - 0.808)	+	(138.256 - 0.615) )	/ 2 )
	=	-1.24	/	( (133.42	+	137.641)	/ 2 )
	=	-1.24	/	135.5305
	=	-0.91 %

Kore Potash'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 )
	=	-0.734	/	( ( (138.256 - 0.615)	+	(134.886 - 0.453) )	/ 2 )
	=	-0.734	/	( ( 137.641	+	134.433 )	/ 2 )
	=	-0.734	/	136.037
	=	-0.54 %

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

Kore Potash (LSE:KP2) 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.

Kore Potash ROCE % Related Terms

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Kore Potash (LSE:KP2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kore Potash PLC (LSE:KP2) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

KP2:South Africa KP1:Germany KP2:Australia

Address

45 Gresham Street, London, GBR, EC2V 7BG

Website

https://www.korepotash.com

Kore Potash PLC is an exploration and development company operating in a single segment which is mineral exploration in Central Africa. The primary asset of the company is the Sintoukola Potash SA (SPSA) project in the Republic of Congo. This project comprises the Kola sylvinite and carnallite deposits, the Dougou Extension sylvinite deposit, and the Dougou carnallite deposit.

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