Central Iron Ore (TSXV:CIO) ROCE % : -17.63% (As of Dec. 2023)

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What is Central Iron 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. Central Iron Ore's annualized ROCE % for the quarter that ended in Dec. 2023 was -17.63%.

Central Iron Ore ROCE % Historical Data

The historical data trend for Central Iron 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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Central Iron Ore ROCE % Chart

Central Iron Ore Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-10.12

-3.99

-21.01

36.41

-17.91

Central Iron 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															-57.16	-12.69	-20.44	-6.46	-17.63

Central Iron Ore ROCE % Calculation

Central Iron 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 )
	=	-0.571	/	( ( (3 - 0.092)	+	(3.548 - 0.08) )	/ 2 )
	=	-0.571	/	( (2.908	+	3.468)	/ 2 )
	=	-0.571	/	3.188
	=	-17.91 %

Central Iron 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 )
	=	-0.688	/	( ( (3.915 - 0.079)	+	(4.027 - 0.059) )	/ 2 )
	=	-0.688	/	( ( 3.836	+	3.968 )	/ 2 )
	=	-0.688	/	3.902
	=	-17.63 %

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

Central Iron Ore (TSXV:CIO) 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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Central Iron Ore (TSXV:CIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Central Iron Ore Ltd (TSXV:CIO) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

49-51 York Street, Level 2, Suite 1, Sydney, NSW, AUS, 2000

Website

https://www.centralironorelimited.com

Central Iron Ore Ltd is a junior mineral exploration and development company. The firm engages in the exploration and development of gold in Australia. It holds interests in Red 5 Joint Venture, British King Gold Mine, Barrick JV Project, and South Darlot Gold Project. The company generates maximum revenue from Australia.