Laurion Mineral Exploration (Laurion Mineral Exploration) ROCE % : -27.95% (As of Mar. 2024)

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What is Laurion Mineral Exploration 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. Laurion Mineral Exploration's annualized ROCE % for the quarter that ended in Mar. 2024 was -27.95%.

Laurion Mineral Exploration ROCE % Historical Data

The historical data trend for Laurion Mineral Exploration'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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Laurion Mineral Exploration ROCE % Chart

Laurion Mineral Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-249.56

-150.29

-63.28

-48.53

-39.81

Laurion Mineral Exploration Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-20.91	-27.84	-34.79	-84.93	-27.95

Laurion Mineral Exploration ROCE % Calculation

Laurion Mineral Exploration'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 )
	=	-2.65	/	( ( (6.779 - 0.079)	+	(6.976 - 0.363) )	/ 2 )
	=	-2.65	/	( (6.7	+	6.613)	/ 2 )
	=	-2.65	/	6.6565
	=	-39.81 %

Laurion Mineral Exploration's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-1.804	/	( ( (6.976 - 0.363)	+	(6.647 - 0.353) )	/ 2 )
	=	-1.804	/	( ( 6.613	+	6.294 )	/ 2 )
	=	-1.804	/	6.4535
	=	-27.95 %

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

Laurion Mineral Exploration (OTCPK:LMEFF) 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.

Laurion Mineral Exploration ROCE % Related Terms

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Laurion Mineral Exploration (Laurion Mineral Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Laurion Mineral Exploration Inc (OTCPK:LMEFF) » Definitions » ROCE %

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LME:Canada

Address

40 King Street West, Suite 5800, Scotia Plaza, Toronto, ON, CAN, M5H 3S1

Website

http://www.laurion.ca

Laurion Mineral Exploration Inc is a Canadian based exploration company. It is engaged in the acquisition, exploration and development of mineral resource properties. The company has key interests in prospective mining properties of the Ishkoday gold project and the Midlothian and Doon property.

Laurion Mineral Exploration (Laurion Mineral Exploration) Headlines

From GuruFocus

Laurion Extends Closing of Previously Announced Private Placement

By GlobeNewswire GlobeNewswire • 06-22-2018