Live Energy Minerals (Live Energy Minerals) ROCE % : -5.35% (As of Jan. 2024)

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What is Live Energy Minerals 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. Live Energy Minerals's annualized ROCE % for the quarter that ended in Jan. 2024 was -5.35%.

Live Energy Minerals ROCE % Historical Data

The historical data trend for Live Energy Minerals'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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Live Energy Minerals ROCE % Chart

Live Energy Minerals Annual Data

Trend

Oct21

Oct22

Oct23

ROCE %

-3.82

-16.45

-7.84

Live Energy Minerals Quarterly Data
	Apr21	Jul21	Oct21	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial						-5.37	-9.39	-7.83	-10.81	-5.35

Live Energy Minerals ROCE % Calculation

Live Energy Minerals's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-0.085	/	( ( (1.107 - 0.064)	+	(1.163 - 0.039) )	/ 2 )
	=	-0.085	/	( (1.043	+	1.124)	/ 2 )
	=	-0.085	/	1.0835
	=	-7.84 %

Live Energy Minerals's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-0.06	/	( ( (1.163 - 0.039)	+	(1.161 - 0.041) )	/ 2 )
	=	-0.06	/	( ( 1.124	+	1.12 )	/ 2 )
	=	-0.06	/	1.122
	=	-5.35 %

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

Live Energy Minerals (OTCPK:GTREF) 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.

Live Energy Minerals ROCE % Related Terms

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Live Energy Minerals (Live Energy Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Live Energy Minerals Corp (OTCPK:GTREF) » Definitions » ROCE %

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LIVE:Canada

Address

810 - 789 West Pender Street, Vancouver, BC, CAN, V6C 1H2

Website

https://www.liveenergyminerals.com

Live Energy Minerals Corp is an exploration of resource properties. It holds interests in the Skygold Project located in the Cariboo Placer Region in British Columbia and also has the McDermitt Lithium Property. The company has one business segment the exploration of resource properties, in two geographic locations Canada and the United States.

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