Capstone Copper (TSX:CS) ROCE % : -0.94% (As of Dec. 2023)

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What is Capstone Copper 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. Capstone Copper's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.94%.

Capstone Copper ROCE % Historical Data

The historical data trend for Capstone Copper'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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Capstone Copper ROCE % Chart

Capstone Copper Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.98

2.82

25.00

6.73

-1.17

Capstone Copper 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															-4.44	-2.49	-2.02	0.86	-0.94

Capstone Copper ROCE % Calculation

Capstone Copper's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-82.382	/	( ( (7309.964 - 554.991)	+	(7880.444 - 579.33) )	/ 2 )
	=	-82.382	/	( (6754.973	+	7301.114)	/ 2 )
	=	-82.382	/	7028.0435
	=	-1.17 %

Capstone Copper'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 )
	=	-68.528	/	( ( (7825.791 - 542.682)	+	(7880.444 - 579.33) )	/ 2 )
	=	-68.528	/	( ( 7283.109	+	7301.114 )	/ 2 )
	=	-68.528	/	7292.1115
	=	-0.94 %

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

Capstone Copper (TSX:CS) 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.

Capstone Copper ROCE % Related Terms

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Capstone Copper (TSX:CS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Capstone Copper Corp (TSX:CS) » Definitions » ROCE %

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CSCCF:USA OUW0:Germany

Address

510 West Georgia Street, Suite 2100, Vancouver, BC, CAN, V6B 0M3

Website

http://www.capstonemining.com

Capstone Copper Corp is a company that mines, explores, and develops mineral properties in the Americas. Specifically, the group has operating mines in the US, Mexico, and Canada, and development projects in Chile and Canada. Capstone's main focus is copper, but the company also produces zinc, lead, molybdenum, silver, and gold. The Company has six reportable segments which are Pinto Valley (US), Mantos Blancos (Chile), Mantoverde (Chile), Cozamin (Mexico), as well as the Santo Domingo development project (Chile) and Other.