Lode Resources (ASX:LDR) ROCE % : -13.57% (As of Dec. 2023)

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What is Lode 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. Lode Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -13.57%.

Lode Resources ROCE % Historical Data

The historical data trend for Lode 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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Lode Resources ROCE % Chart

Lode Resources Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

ROCE %

-11.28

-20.84

-17.04

-13.93

Lode Resources Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			-18.14	-36.38	-7.37	-13.57	-14.23

Lode Resources ROCE % Calculation

Lode Resources's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-1.162	/	( ( (9.513 - 0.616)	+	(7.964 - 0.178) )	/ 2 )
	=	-1.162	/	( (8.897	+	7.786)	/ 2 )
	=	-1.162	/	8.3415
	=	-13.93 %

Lode Resources'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-1.172	/	( ( (9.513 - 0.616)	+	(8.53 - 0.148) )	/ 2 )
	=	-1.172	/	( ( 8.897	+	8.382 )	/ 2 )
	=	-1.172	/	8.6395
	=	-13.57 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Lode Resources (ASX:LDR) 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.

Lode Resources ROCE % Related Terms

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Lode Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lode Resources Ltd (ASX:LDR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Margaret Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.loderesources.com

Lode Resources Ltd is a junior exploration company. It owns Webbs Consol Silver project, Uralla Gold project, Fender Copper project, Elsinore Copper project, Thor and Tea Tree Gold project located in the New England Fold Belt in Northern NSW.