Keras Resources (LSE:KRS) ROCE % : -6.24% (As of Jun. 2023)

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What is Keras Resources 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. Keras Resources's annualized ROCE % for the quarter that ended in Jun. 2023 was -6.24%.

Keras Resources ROCE % Historical Data

The historical data trend for Keras Resources'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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Keras Resources ROCE % Chart

Keras Resources Annual Data

Trend

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Dec22

ROCE %

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-11.35

-2.44

-3.94

-17.33

-17.21

Keras Resources Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															-27.74	-13.89	-17.71	-9.57	-6.24

Keras Resources ROCE % Calculation

Keras Resources'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: Sep. 2020 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Sep. 2020 )		(A: Dec. 2022 )
	=	-0.683	/	( ( (3.475 - 0.467)	+	(6.684 - 1.755) )	/ 2 )
	=	-0.683	/	( (3.008	+	4.929)	/ 2 )
	=	-0.683	/	3.9685
	=	-17.21 %

Keras Resources'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 )
	=	-0.298	/	( ( (6.684 - 1.755)	+	(6.16 - 1.539) )	/ 2 )
	=	-0.298	/	( ( 4.929	+	4.621 )	/ 2 )
	=	-0.298	/	4.775
	=	-6.24 %

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

Keras Resources (LSE:KRS) 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.

Keras Resources ROCE % Related Terms

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Keras Resources (LSE:KRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Keras Resources PLC (LSE:KRS) » Definitions » ROCE %

Comparable Companies

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KRS.GB:UK

Address

Downside Bridge Road, Coveham House, Cobham, Surrey, GBR, KT11 3EP

Website

https://www.kerasplc.com

Keras Resources PLC is engaged in exploration and mining. It principally engages in the business of manganese and cobalt exploration in West Africa. The company's main projects are the Nayega manganese project and the Diamond Creek Phosphate mine. The operation produces a variety of organic phosphate products directly for the US fertilizer market. It derives a majority of its revenue from the US.

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