Diablo Resources (Diablo Resources) ROCE % : -5.58% (As of Dec. 2023)

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What is Diablo 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. Diablo Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.58%.

Diablo Resources ROCE % Historical Data

The historical data trend for Diablo 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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Diablo Resources ROCE % Chart

Diablo Resources Annual Data

Trend

Jun22

Jun23

ROCE %

-5.98

-35.40

Diablo Resources Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-5.93	-5.85	-4.90	-81.38	-5.58

Diablo Resources ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-2.82	/	( ( (9.598 - 0.045)	+	(6.736 - 0.356) )	/ 2 )
	=	-2.82	/	( (9.553	+	6.38)	/ 2 )
	=	-2.82	/	7.9665
	=	-35.40 %

Diablo 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 )
	=	-0.366	/	( ( (6.736 - 0.356)	+	(6.835 - 0.095) )	/ 2 )
	=	-0.366	/	( ( 6.38	+	6.74 )	/ 2 )
	=	-0.366	/	6.56
	=	-5.58 %

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

Diablo Resources (OTCPK:DBORF) 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.

Diablo Resources ROCE % Related Terms

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Diablo Resources (Diablo Resources) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

DBO:Australia

Address

10 Outram Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.diabloresources.com.au

Diablo Resources Ltd is a mining exploration company. It has an interest in the Devils Canyon Gold Project located on the Carlin Gold trend in Nevada; the Western Desert Gold Project located in Western Utah near the Nevada border; and the Lone Pine Gold Project located west of Salmon, Idaho.

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