Kubera Gold (TSXV:KBRA) ROCE % : -80.00% (As of Dec. 2023)

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What is Kubera Gold 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. Kubera Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -80.00%.

Kubera Gold ROCE % Historical Data

The historical data trend for Kubera Gold'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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Kubera Gold ROCE % Chart

Kubera Gold Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-4.15

-6.79

-24.48

Kubera Gold Quarterly Data
	Dec21	Sep22	Dec22	Sep23	Dec23
ROCE %	-	-	-11.81	-7.55	-80.00

Kubera Gold ROCE % Calculation

Kubera Gold'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 )
	=	-0.059	/	( ( (0.355 - 0.084)	+	(0.384 - 0.173) )	/ 2 )
	=	-0.059	/	( (0.271	+	0.211)	/ 2 )
	=	-0.059	/	0.241
	=	-24.48 %

Kubera Gold'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 )
	=	-0.188	/	( ( (0.367 - 0.108)	+	(0.384 - 0.173) )	/ 2 )
	=	-0.188	/	( ( 0.259	+	0.211 )	/ 2 )
	=	-0.188	/	0.235
	=	-80.00 %

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

Kubera Gold (TSXV:KBRA) 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.

Kubera Gold ROCE % Related Terms

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Kubera Gold (TSXV:KBRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kubera Gold Corp (TSXV:KBRA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

609 Granville Street, Suite 1600, P.O. Box 10068, Pacific Centre, Vancouver, BC, CAN, V7Y 1C3

Website

Kubera Gold Corp is engaged in the exploration of mineral properties in Canada. The Company's principal product under exploration is gold.

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