Katanga Mining ROCE
What is the ROCE of Katanga Mining?
The ROCE of Katanga Mining Ltd. is -7.11%
What is the definition of ROCE?
Return on capital employed (ROCE) is a financial ratio that measures a company’s profitability and the efficiency with which its capital is used.
= EBIT / (assets - current liabilities)
Return on capital employed (ROCE) is the total amount of capital that a company has utilized in order to generate profits. It is the sum of shareholders' equity and debt liabilities. It can be simplified as total assets minus current liabilities.
ROCE is especially useful when comparing the performance of companies in capital-intensive sectors. ROCE considers debt and other liabilities as well compared to other fundamentals which only analyze profitability related to a company’s common equity. This provides a better indication of financial performance for companies with significant debt. For a company, the ROCE trend over the years is also an important indicator of performance. In general, investors tend to favor companies with stable and rising ROCE numbers over companies where ROCE is volatile and bounces around from one year to the next.
Instead of using capital employed at an arbitrary point in time, analysts and investors often calculate ROCE based on the average capital employed (ROACE), which takes the average of opening and closing capital employed for the time period.
ROCE of companies in the Materials sector on OTC compared to Katanga Mining
What does Katanga Mining do?
Katanga Mining Limited, through its subsidiaries, engages in the copper and cobalt mining, and related activities in the Democratic Republic of Congo. It is involved in the exploration, mining, refurbishment, rehabilitation, development, and operation of the Kamoto/Mashamba East mining complex; the Kamoto Oliveira Virgule copper and cobalt mine; T17 open pit and underground mines; various oxide open pit resources; the Kamoto concentrator; and the Luilu metallurgical plant. The company was incorporated in 1996 and is headquartered in Whitehorse, Canada. Katanga Mining Limited is a subsidiary of Glencore International AG.
Companies with roce similar to Katanga Mining
- Active PLC has ROCE of -7.15%
- Gyrodyne has ROCE of -7.15%
- Benchmark Metals Inc has ROCE of -7.14%
- Omineca Mining and Metals has ROCE of -7.14%
- Blue Ribbon Income Fund has ROCE of -7.12%
- Gigamedia has ROCE of -7.12%
- Katanga Mining has ROCE of -7.11%
- Enviva Inc has ROCE of -7.10%
- ModivCare has ROCE of -7.09%
- Kainantu Resources has ROCE of -7.08%
- Sun Peak Metals has ROCE of -7.08%
- Wildflower Brands has ROCE of -7.07%
- Powerwrap Ltd has ROCE of -7.07%