Dizon Copper-Silver Mines (PHS:DIZ) ROCE % : -6.25% (As of Mar. 2024)

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What is Dizon Copper-Silver Mines 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. Dizon Copper-Silver Mines's annualized ROCE % for the quarter that ended in Mar. 2024 was -6.25%.

Dizon Copper-Silver Mines ROCE % Historical Data

The historical data trend for Dizon Copper-Silver Mines'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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Dizon Copper-Silver Mines ROCE % Chart

Dizon Copper-Silver Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-16.95

-6.48

-7.36

-8.79

-9.51

Dizon Copper-Silver Mines 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															-4.59	-2.18	-1.64	-29.97	-6.25

Dizon Copper-Silver Mines ROCE % Calculation

Dizon Copper-Silver Mines'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 )
	=	-3.591	/	( ( (66.842 - 28.716)	+	(67.777 - 30.395) )	/ 2 )
	=	-3.591	/	( (38.126	+	37.382)	/ 2 )
	=	-3.591	/	37.754
	=	-9.51 %

Dizon Copper-Silver Mines'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 )
	=	-2.32	/	( ( (67.777 - 30.395)	+	(66.999 - 30.197) )	/ 2 )
	=	-2.32	/	( ( 37.382	+	36.802 )	/ 2 )
	=	-2.32	/	37.092
	=	-6.25 %

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

Dizon Copper-Silver Mines (PHS:DIZ) 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.

Dizon Copper-Silver Mines ROCE % Related Terms

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Dizon Copper-Silver Mines (PHS:DIZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Dizon Copper-Silver Mines Inc (PHS:DIZ) » Definitions » ROCE %

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Address

1505 Princeton Street, 7th Floor, Peaksun Building, Corner Shaw Boulevard, Barangay, Wack-Wack, Greenhills East, Metro Manila, Mandaluyong, PHL, 1552

Website

https://www.dizominings

Dizon Copper-Silver Mines Inc is engaged in the mining business. The company is into activities of acquiring, purchasing, leasing, holding, working, and operating mines, mining claims, grounds or lodes in the Philippines or in foreign countries.

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