Lida Resources (FRA:1CCA) ROCE % : 0.00% (As of May. 2023)

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What is Lida 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. Lida Resources's annualized ROCE % for the quarter that ended in May. 2023 was 0.00%.

Lida Resources ROCE % Historical Data

The historical data trend for Lida 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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Lida Resources ROCE % Chart

Lida Resources Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

ROCE %

-69.29

-90.84

-91.63

Lida Resources Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23
ROCE %	Get a 7-Day Free Trial														-	-	-	-	-

Lida Resources ROCE % Calculation

Lida Resources's annualized ROCE % for the fiscal year that ended in Aug. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2022 )		(A: Aug. 2021 )		(A: Aug. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2022 )		(A: Aug. 2021 )		(A: Aug. 2022 )
	=	-0.261	/	( ( (0.781 - 0.394)	+	(0.036 - 0.749) )	/ 2 )
	=	-0.261	/	( (0.387	+	-0.713)	/ 2 )
	=	-0.261	/	-0.163
	=	160.12 %

Lida Resources's ROCE % of for the quarter that ended in May. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2023 )		(Q: Feb. 2023 )		(Q: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2023 )		(Q: Feb. 2023 )		(Q: May. 2023 )
	=	-0.128	/	( ( (0.041 - 0.864)	+	(0.042 - 0.892) )	/ 2 )
	=	-0.128	/	( ( -0.823	+	-0.85 )	/ 2 )
	=	-0.128	/	-0.8365
	=	0 %

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

Lida Resources (FRA:1CCA) 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.

Lida Resources ROCE % Related Terms

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Lida Resources (FRA:1CCA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lida Resources Inc (FRA:1CCA) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

1055 West Georgia Street, 1500, Vancouver, BC, CAN, V6E 4N7

Website

https://lidaresources.minelife.org

Lida Resources Inc is a Canadian mineral exploration and development company focused on advancing the San Vincent deposit located a short drive from Trujillo, Peru. The Company also owns the Fruta del Sur deposit, with the potential to be one of Peru's most prolific mines.

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