Decade Resources (Decade Resources) ROCE % : 4.92% (As of Jan. 2024)

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What is Decade 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. Decade Resources's annualized ROCE % for the quarter that ended in Jan. 2024 was 4.92%.

Decade Resources ROCE % Historical Data

The historical data trend for Decade 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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Decade Resources ROCE % Chart

Decade Resources Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

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-23.42

-12.77

-10.77

-3.15

-8.93

Decade 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															-2.93	-22.25	-1.78	-12.58	4.92

Decade Resources ROCE % Calculation

Decade Resources's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	-0.953	/	( ( (11.254 - 0.359)	+	(10.804 - 0.363) )	/ 2 )
	=	-0.953	/	( (10.895	+	10.441)	/ 2 )
	=	-0.953	/	10.668
	=	-8.93 %

Decade 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 )
	=	0.624	/	( ( (13.056 - 0.606)	+	(13.256 - 0.36) )	/ 2 )
	=	0.624	/	( ( 12.45	+	12.896 )	/ 2 )
	=	0.624	/	12.673
	=	4.92 %

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

Decade Resources (OTCPK:DECXF) 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.

Decade Resources ROCE % Related Terms

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Decade Resources (Decade Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Decade Resources Ltd (OTCPK:DECXF) » Definitions » ROCE %

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DEC:Canada

Address

611- 8th Street, Box 211, Stewart, BC, CAN, V0T 1W0

Website

https://www.decaderesources.ca

Decade Resources Ltd is an exploration stage company. Its principal business activity is the acquisition, exploration and evaluation of mineral properties located in the Province of British Columbia, Canada. The company holds numerous properties such as Silver Crown, Red Cliff, Goat/Surprise Creek, Treasure Mountain, Red Cliff Extension, Cressy property, Terrace property, Del Norte property, and Lord Nelson property. Its properties and projects are located in the Golden Triangle area of northern British Columbia.

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