Contango Ore (STU:F85) ROCE % : -216.51% (As of Dec. 2023)

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What is Contango Ore 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. Contango Ore's annualized ROCE % for the quarter that ended in Dec. 2023 was -216.51%.

Contango Ore ROCE % Historical Data

The historical data trend for Contango Ore'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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Contango Ore ROCE % Chart

Contango Ore Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-41.11

-108.53

132.88

-69.38

-125.85

Contango Ore Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-207.00	-153.21	-193.46	-135.05	-216.51

Contango Ore ROCE % Calculation

Contango Ore'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 )
	=	-34.873	/	( ( (35.28 - 1.424)	+	(23.687 - 2.122) )	/ 2 )
	=	-34.873	/	( (33.856	+	21.565)	/ 2 )
	=	-34.873	/	27.7105
	=	-125.85 %

Contango Ore'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-95.756	/	( ( (51.4 - 4.686)	+	(53.729 - 11.987) )	/ 2 )
	=	-95.756	/	( ( 46.714	+	41.742 )	/ 2 )
	=	-95.756	/	44.228
	=	-216.51 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Contango Ore (STU:F85) 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.

Contango Ore ROCE % Related Terms

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Contango Ore (STU:F85) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Contango Ore Inc (STU:F85) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CTGO:USA F85:Germany

Address

3700 Buffalo Speedway, Suite 925, Houston, TX, USA, 77098

Website

https://www.contangoore.com

Contango Ore Inc operates in the United States. The company is engaged in the exploration of gold, silver, and copper ores in the State of Alaska. The company's primary focus is the exploration of a mineral lease with the Native Village of Tetlin whose governmental entity is the Tetlin Tribal Council for the exploration of minerals near Tok, Alaska. It has formed a joint venture to advance exploration of the Tetlin Property, which is prospective for gold and associated minerals. The Tetlin Property is located in the Tetlin Hills and Mentasta Mountains of eastern interior Alaska.

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