Viscount Mining (Viscount Mining) ROCE % : -10.23% (As of Feb. 2024)

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What is Viscount 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. Viscount Mining's annualized ROCE % for the quarter that ended in Feb. 2024 was -10.23%.

Viscount Mining ROCE % Historical Data

The historical data trend for Viscount 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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Viscount Mining ROCE % Chart

Viscount Mining Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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-43.80

-39.28

-22.94

-18.90

-27.84

Viscount Mining Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-27.16	-28.48	-31.83	-12.68	-10.23

Viscount Mining ROCE % Calculation

Viscount Mining's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-1.375	/	( ( (5.844 - 0.169)	+	(4.785 - 0.582) )	/ 2 )
	=	-1.375	/	( (5.675	+	4.203)	/ 2 )
	=	-1.375	/	4.939
	=	-27.84 %

Viscount Mining's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-0.408	/	( ( (4.817 - 0.816)	+	(4.88 - 0.907) )	/ 2 )
	=	-0.408	/	( ( 4.001	+	3.973 )	/ 2 )
	=	-0.408	/	3.987
	=	-10.23 %

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

Viscount Mining (OTCPK:VLMGF) 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.

Viscount Mining ROCE % Related Terms

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Viscount Mining (Viscount Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Viscount Mining Corp (OTCPK:VLMGF) » Definitions » ROCE %

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VML:Canada

Address

1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.viscountmining.com

Viscount Mining Corp is an exploration-stage company engaged in natural resource exploration. The company is focused on resources located in the states of Nevada and Colorado in the United States of America. Its project includes Cherry Creek and Silver Cliff. Geographically, it operates in Canada and USA.

Viscount Mining (Viscount Mining) Headlines

From GuruFocus

Viscount Mining Provides Corporate Update

By Marketwired Marketwired • 11-05-2019

Viscount Mining Adds To Silver Cliff Land Position

By Marketwired Marketwired • 08-22-2018

Viscount Mining Announces Reconnaissance Drill Test Results At Its Cherry Creek Property In Nevada

By Marketwired Marketwired • 02-21-2019

Viscount Mining Announces Closing of Over Subscribed Non - Brokered Private Placement

By Marketwired Marketwired • 07-29-2020

Viscount Mining Reports Initial Mineral Resource Estimate for Silver Cliff Property in Colorado

By Marketwired Marketwired • 05-30-2018

Viscount Mining Announces Completion of Master's Thesis For Cherry Creek Nevada

By Marketwired Marketwired • 09-25-2019