Margaret Lake Diamonds (TSXV:DIA) ROCE % : -38.67% (As of Nov. 2023)

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What is Margaret Lake Diamonds 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. Margaret Lake Diamonds's annualized ROCE % for the quarter that ended in Nov. 2023 was -38.67%.

Margaret Lake Diamonds ROCE % Historical Data

The historical data trend for Margaret Lake Diamonds'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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Margaret Lake Diamonds ROCE % Chart

Margaret Lake Diamonds Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

ROCE %

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-16.67

-171.37

-364.64

Margaret Lake Diamonds Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial															-90.55	-91.67	-77.66	-52.22	-38.67

Margaret Lake Diamonds ROCE % Calculation

Margaret Lake Diamonds's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	-1.65	/	( ( (1.244 - 1.204)	+	(1.424 - 0.559) )	/ 2 )
	=	-1.65	/	( (0.04	+	0.865)	/ 2 )
	=	-1.65	/	0.4525
	=	-364.64 %

Margaret Lake Diamonds's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	-0.28	/	( ( (1.317 - 0.558)	+	(1.311 - 0.622) )	/ 2 )
	=	-0.28	/	( ( 0.759	+	0.689 )	/ 2 )
	=	-0.28	/	0.724
	=	-38.67 %

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

Margaret Lake Diamonds (TSXV:DIA) 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.

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Margaret Lake Diamonds (TSXV:DIA) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Margaret Lake Diamonds Inc (TSXV:DIA) » Definitions » ROCE %

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Address

550 Burrard Street, Suite 1008, Vancouver, BC, CAN, V6C 2B5

Website

https://www.margaretlakediamonds.com

Margaret Lake Diamonds Inc is focused on the exploration of mineral properties that includes diamond. The company projects include Diagras Property, Morrison Property, and Cobalt Projects.