Copper Lake Resources (TSXV:CPL) ROCE % : -67.05% (As of Jan. 2024)

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What is Copper Lake 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. Copper Lake Resources's annualized ROCE % for the quarter that ended in Jan. 2024 was -67.05%.

Copper Lake Resources ROCE % Historical Data

The historical data trend for Copper Lake 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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Copper Lake Resources ROCE % Chart

Copper Lake Resources Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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-7.34

-19.25

-50.68

-95.06

-97.24

Copper Lake Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-48.48	-155.59	-74.90	-63.30	-67.05

Copper Lake Resources ROCE % Calculation

Copper Lake Resources's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-2.518	/	( ( (3.35 - 0.245)	+	(2.683 - 0.609) )	/ 2 )
	=	-2.518	/	( (3.105	+	2.074)	/ 2 )
	=	-2.518	/	2.5895
	=	-97.24 %

Copper Lake Resources's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-1.52	/	( ( (2.683 - 0.609)	+	(3.107 - 0.647) )	/ 2 )
	=	-1.52	/	( ( 2.074	+	2.46 )	/ 2 )
	=	-1.52	/	2.267
	=	-67.05 %

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

Copper Lake Resources (TSXV:CPL) 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.

Copper Lake Resources ROCE % Related Terms

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Copper Lake Resources (TSXV:CPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Copper Lake Resources Ltd (TSXV:CPL) » Definitions » ROCE %

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WTCZF:USA W0I:Germany

Address

1 King Street West, Suite 4800 - 233, Toronto, ON, CAN, M5H 1A1

Website

https://www.copperlakeresources.com

Copper Lake Resources Ltd is an exploration company based in Canada. It is principally engaged in the business of exploration and development of mineral resource properties. It holds an interest in Norton lake property, Marshall lake property which is located in the north-northeast of Thunder Bay, Ontario. The company operates its business through a single segment being a Mineral exploration in Canada. Its project portfolio includes Mine Lake Gold, Queen Alexandria Gold, Centrefire-Redhat Gold-Copper and Grand Chibougamau Gold Property.