Dore Copper Mining (TSXV:DCMC) ROCE % : -65.16% (As of Dec. 2023)

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What is Dore Copper Mining 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. Dore Copper Mining's annualized ROCE % for the quarter that ended in Dec. 2023 was -65.16%.

Dore Copper Mining ROCE % Historical Data

The historical data trend for Dore Copper Mining'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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Dore Copper Mining ROCE % Chart

Dore Copper Mining Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-70.68

-90.84

-96.52

-144.82

-72.45

Dore Copper Mining 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															-369.39	-122.55	-90.31	-72.92	-65.16

Dore Copper Mining ROCE % Calculation

Dore Copper Mining'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 )
	=	-6.563	/	( ( (12.65 - 3.838)	+	(11.506 - 2.2) )	/ 2 )
	=	-6.563	/	( (8.812	+	9.306)	/ 2 )
	=	-6.563	/	9.059
	=	-72.45 %

Dore Copper Mining'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 )
	=	-5.088	/	( ( (7.909 - 1.597)	+	(11.506 - 2.2) )	/ 2 )
	=	-5.088	/	( ( 6.312	+	9.306 )	/ 2 )
	=	-5.088	/	7.809
	=	-65.16 %

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

Dore Copper Mining (TSXV:DCMC) 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.

Dore Copper Mining ROCE % Related Terms

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Dore Copper Mining (TSXV:DCMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Dore Copper Mining Corp (TSXV:DCMC) » Definitions » ROCE %

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DRCMF:USA DCM:Germany

Address

130 King Street West, Suite 1800, Toronto, ON, CAN, M5X 1E3

Website

https://www.dorecopper.com

Dore Copper Mining Corp is a company with near development high-grade gold and copper assets in Quebec with district scale exploration upside. Existing infrastructure provides the company with a capital intensity advantage. Its projects include corner bay, cedar bay, copper rand, and lac dore among others.

Executives

Mario Stifano

Director, Senior Officer

Dore Copper Mining (TSXV:DCMC) Headlines

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