King Global Ventures (TSXV:KING) ROCE % : -456.70% (As of Dec. 2023)

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What is King Global Ventures 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. King Global Ventures's annualized ROCE % for the quarter that ended in Dec. 2023 was -456.70%.

King Global Ventures ROCE % Historical Data

The historical data trend for King Global Ventures'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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King Global Ventures ROCE % Chart

King Global Ventures Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.19

-239.68

-48.16

-289.82

King Global Ventures 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															-626.09	-	-	-238.57	-456.70

King Global Ventures ROCE % Calculation

King Global Ventures'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 )
	=	-0.007	/	( ( (0.44 - 0.792)	+	(0.464 - 0.363) )	/ 2 )
	=	-0.007	/	( (-0.352	+	0.101)	/ 2 )
	=	-0.007	/	-0.1255
	=	5.58 %

King Global Ventures'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 )
	=	-1.192	/	( ( (0.744 - 0.323)	+	(0.464 - 0.363) )	/ 2 )
	=	-1.192	/	( ( 0.421	+	0.101 )	/ 2 )
	=	-1.192	/	0.261
	=	-456.70 %

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

King Global Ventures (TSXV:KING) 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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King Global Ventures (TSXV:KING) Business Description

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KGLDF:USA

Address

82 Richmond Street East, Suite 200, Toronto, ON, CAN, M5C 1P1

Website

https://www.kingtsxv.com

King Global Ventures Incny is a junior prospecting and natural resource company, focused on growing exploration and mineral assets to build shareholder value. The Company's properties are located in Newfoundland and Quebec, Canada and Nicaragua.