Kiplin Metals (TSXV:KIP) ROCE % : -12.30% (As of Mar. 2024)

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What is Kiplin Metals 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. Kiplin Metals's annualized ROCE % for the quarter that ended in Mar. 2024 was -12.30%.

Kiplin Metals ROCE % Historical Data

The historical data trend for Kiplin Metals'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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Kiplin Metals ROCE % Chart

Kiplin Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-17.30

-31.67

-65.70

-236.31

-73.56

Kiplin Metals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-95.05	-637.15	-31.65	-46.15	-12.30

Kiplin Metals ROCE % Calculation

Kiplin Metals'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 )
	=	-0.683	/	( ( (0.127 - 0.014)	+	(1.784 - 0.04) )	/ 2 )
	=	-0.683	/	( (0.113	+	1.744)	/ 2 )
	=	-0.683	/	0.9285
	=	-73.56 %

Kiplin Metals's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-0.212	/	( ( (1.784 - 0.04)	+	(1.709 - 0.006) )	/ 2 )
	=	-0.212	/	( ( 1.744	+	1.703 )	/ 2 )
	=	-0.212	/	1.7235
	=	-12.30 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Kiplin Metals (TSXV:KIP) 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.

Kiplin Metals ROCE % Related Terms

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Kiplin Metals (TSXV:KIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kiplin Metals Inc (TSXV:KIP) » Definitions » ROCE %

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ALDVF:USA 17G1:Germany

Address

885 West Georgia Street, 2200 HSBC Building, Vancouver, BC, CAN, V6C 3E8

Website

https://www.kiplinmetals.com

Kiplin Metals Inc is a junior exploration company. It engages in the identification, acquisition, and exploration of mineral properties. It has interests in Nadina Mountain claims and the Exxeter Gold Property.

Executives

Peter Born

Director

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