DTARF (Delta Resources) ROCE % : -210.05% (As of Sep. 2024)

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What is Delta 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. Delta Resources's annualized ROCE % for the quarter that ended in Sep. 2024 was -210.05%.

Delta Resources ROCE % Historical Data

The historical data trend for Delta 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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Delta Resources ROCE % Chart

Delta Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-249.75

-154.08

-59.72

-135.95

-202.44

Delta Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-131.26	-109.61	-164.19	-261.97	-210.05

Delta Resources ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-6.23	/	( ( (2.556 - 0.654)	+	(5.079 - 0.826) )	/ 2 )
	=	-6.23	/	( (1.902	+	4.253)	/ 2 )
	=	-6.23	/	3.0775
	=	-202.44 %

Delta Resources's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-2.968	/	( ( (1.938 - 0.268)	+	(1.425 - 0.269) )	/ 2 )
	=	-2.968	/	( ( 1.67	+	1.156 )	/ 2 )
	=	-2.968	/	1.413
	=	-210.05 %

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

Delta Resources (OTCPK:DTARF) 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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Delta Resources Business Description

Industry

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

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6GO1:Germany DLTA:Canada

Address

1718 Christine Street, Kingston, ON, CAN, K7L 4V4

Website

https://www.deltaresources.ca

Delta Resources Ltd is operations are mining properties and exploration expenditures made on properties that are not in commercial production. It has a single operating segment which is the acquisition, exploration, and development of exploration properties. Its projects are the DELTA-1 Gold project in Thunder Bay, Ontario, the DELTA-2 Gold polymetallic project in Chibougamau, Quebec, and the Bellechasse-Timmins Gold project located in southeastern Quebec.