Lord Resources (ASX:LRD) ROCE % : -76.13% (As of Dec. 2023)

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What is Lord 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. Lord Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -76.13%.

Lord Resources ROCE % Historical Data

The historical data trend for Lord 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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Lord Resources ROCE % Chart

Lord Resources Annual Data

Trend

Jun22

Jun23

Jun24

ROCE %

-26.84

-55.32

-59.67

Lord Resources Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	-	-43.59	-64.89	-76.13	-62.00

Lord Resources ROCE % Calculation

Lord 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 )
	=	-2.176	/	( ( (4.311 - 0.438)	+	(3.515 - 0.095) )	/ 2 )
	=	-2.176	/	( (3.873	+	3.42)	/ 2 )
	=	-2.176	/	3.6465
	=	-59.67 %

Lord 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 )
	=	-2.476	/	( ( (4.311 - 0.438)	+	(3.139 - 0.507) )	/ 2 )
	=	-2.476	/	( ( 3.873	+	2.632 )	/ 2 )
	=	-2.476	/	3.2525
	=	-76.13 %

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

Lord Resources (ASX:LRD) 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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Lord Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

389 Oxford Street, Level 2, Suite 9, Mount Hawthorn, WA, AUS, 6021

Website

https://www.lordresources.com

Lord Resources Ltd is an exploration company with a prospective portfolio of future facing metals located within Western Australia's famed Greenstone belts. Its project include Horse Rocks Lithium Project, Jingjing Lithium Project, Gabyon Gold Project, Jarama Gold Project and Cambridge Nickel-PGE Project.

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