LCL Resources (FRA:M9K) ROCE % : -13.90% (As of Jun. 2024)

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What is LCL 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. LCL Resources's annualized ROCE % for the quarter that ended in Jun. 2024 was -13.90%.

LCL Resources ROCE % Historical Data

The historical data trend for LCL 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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LCL Resources ROCE % Chart

LCL Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-31.06

-16.49

-14.82

-27.05

-115.24

LCL Resources Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-9.39	-42.56	-9.81	-200.24	-13.90

LCL Resources ROCE % Calculation

LCL 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 )
	=	-19.185	/	( ( (23.279 - 0.433)	+	(10.943 - 0.494) )	/ 2 )
	=	-19.185	/	( (22.846	+	10.449)	/ 2 )
	=	-19.185	/	16.6475
	=	-115.24 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-1.378	/	( ( (10.943 - 0.494)	+	(9.49 - 0.114) )	/ 2 )
	=	-1.378	/	( ( 10.449	+	9.376 )	/ 2 )
	=	-1.378	/	9.9125
	=	-13.90 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

LCL Resources (FRA:M9K) 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.

LCL Resources ROCE % Related Terms

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LCL Resources Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » LCL Resources Ltd (FRA:M9K) » Definitions » ROCE %

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LCL:Australia

Address

Level 3, 88 William Street, West Perth, Perth, WA, AUS, 6000

Website

https://www.lclresources.au/site/content

LCL Resources Ltd is an exploration and mining company that explores and develops mineral prospects located in Peru, South America. Its portfolio of exploration projects focuses on copper, molybdenum, gold, and zinc. The company's portfolio of projects includes the Quinchia Gold project in Colombia, the Ono Project (Kusi), the PNG Nickel Project, Mineral Resources and Reserves, and Other PNG Targets. Its geographic areas are Australia, Papua New Guinea, and Colombia. It generates the majority of its revenue from Colombia.

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