Eloro Resources (Eloro Resources) ROCE % : -10.74% (As of Dec. 2023)

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What is Eloro Resources 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. Eloro Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -10.74%.

Eloro Resources ROCE % Historical Data

The historical data trend for Eloro Resources'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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Eloro Resources ROCE % Chart

Eloro Resources Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-16.14

-26.10

-23.02

-19.38

-16.52

Eloro Resources 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															-11.42	-16.23	-7.46	-44.68	-10.74

Eloro Resources ROCE % Calculation

Eloro Resources's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-5.829	/	( ( (29.933 - 0.838)	+	(42.749 - 1.272) )	/ 2 )
	=	-5.829	/	( (29.095	+	41.477)	/ 2 )
	=	-5.829	/	35.286
	=	-16.52 %

Eloro Resources'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 )
	=	-4.88	/	( ( (46.597 - 1.141)	+	(46.875 - 1.462) )	/ 2 )
	=	-4.88	/	( ( 45.456	+	45.413 )	/ 2 )
	=	-4.88	/	45.4345
	=	-10.74 %

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

Eloro Resources (OTCPK:ELRRF) 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.

Eloro Resources ROCE % Related Terms

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Eloro Resources (Eloro Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eloro Resources Ltd (OTCPK:ELRRF) » Definitions » ROCE %

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P2QM:Germany ELO:Canada

Address

20 Adelaide Street East, Suite 200, Toronto, ON, CAN, M5C 2T6

Website

https://elororesources.com

Eloro Resources Ltd is an exploration and mine development company with a portfolio of gold-silver property in Peru, a polymetallic property in Bolivia, and base metal properties in Quebec. The company has an option to acquire a 99% interest in the Iska Iska Property, located in southern Bolivia, and owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru. It has one reportable segment being mineral exploration.