Lucara Diamond (Lucara Diamond) ROCE % : -13.33% (As of Dec. 2023)

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What is Lucara Diamond 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. Lucara Diamond's annualized ROCE % for the quarter that ended in Dec. 2023 was -13.33%.

Lucara Diamond ROCE % Historical Data

The historical data trend for Lucara Diamond'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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Lucara Diamond ROCE % Chart

Lucara Diamond Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.84

-9.47

15.19

17.21

3.75

Lucara Diamond 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															4.37	5.69	9.75	13.03	-13.33

Lucara Diamond ROCE % Calculation

Lucara Diamond'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 )
	=	17.066	/	( ( (495.839 - 59.857)	+	(575.803 - 102.496) )	/ 2 )
	=	17.066	/	( (435.982	+	473.307)	/ 2 )
	=	17.066	/	454.6445
	=	3.75 %

Lucara Diamond'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 )
	=	-62.892	/	( ( (561.652 - 91.136)	+	(575.803 - 102.496) )	/ 2 )
	=	-62.892	/	( ( 470.516	+	473.307 )	/ 2 )
	=	-62.892	/	471.9115
	=	-13.33 %

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

Lucara Diamond (OTCPK:LUCRF) 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.

Lucara Diamond ROCE % Related Terms

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Lucara Diamond (Lucara Diamond) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lucara Diamond Corp (OTCPK:LUCRF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

LUC:Sweden LKT:Germany LUC:Canada LUC:Botswana

Address

1250 Homer Street, 502, Vancouver, BC, CAN, V6B 2Y5

Website

http://www.lucaradiamond.com

Lucara Diamond Corp is a diamond mining company engaged in the development and operations of diamond properties in Africa. Its business segment includes Karowe Mine, Corporate and other. The company earns the majority of its revenue from the Karowe Mine segment.

Lucara Diamond (Lucara Diamond) Headlines

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