Dark Star Minerals (XCNQ:BATT) ROCE % : -621.43% (As of Dec. 2023)

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What is Dark Star Minerals 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. Dark Star Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -621.43%.

Dark Star Minerals ROCE % Historical Data

The historical data trend for Dark Star Minerals'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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Dark Star Minerals ROCE % Chart

Dark Star Minerals Annual Data

Trend

Dec22

Dec23

ROCE %

-77.42

-279.50

Dark Star Minerals Quarterly Data
	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			-	-86.02	-56.16	-745.92	-621.43

Dark Star Minerals ROCE % Calculation

Dark Star Minerals'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 )
	=	-0.668	/	( ( (0.579 - 0.114)	+	(0.136 - 0.123) )	/ 2 )
	=	-0.668	/	( (0.465	+	0.013)	/ 2 )
	=	-0.668	/	0.239
	=	-279.50 %

Dark Star Minerals'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 )
	=	-0.348	/	( ( (0.185 - 0.086)	+	(0.136 - 0.123) )	/ 2 )
	=	-0.348	/	( ( 0.099	+	0.013 )	/ 2 )
	=	-0.348	/	0.056
	=	-621.43 %

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

Dark Star Minerals (XCNQ:BATT) 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.

Dark Star Minerals ROCE % Related Terms

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Dark Star Minerals (XCNQ:BATT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Dark Star Minerals Inc (XCNQ:BATT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1056 Handsworth Road, North Vancouver, BC, CAN, V7R 2A6

Website

https://www.darkstarminerals.com

Dark Star Minerals Inc is engaged in the acquisition, exploration, and development of mineral resources properties.

Executives

Marc Robert Branson

Director, Senior Officer