LMGDF (Lumina Gold) ROCE % : -16,990.30% (As of Sep. 2024)

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What is Lumina Gold 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. Lumina Gold's annualized ROCE % for the quarter that ended in Sep. 2024 was -16,990.30%.

Lumina Gold ROCE % Historical Data

The historical data trend for Lumina Gold'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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Lumina Gold ROCE % Chart

Lumina Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-115.26

-101.00

-69.61

-297.87

-289.49

Lumina Gold 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															-	-865.75	-188.32	-309.82	-16,990.30

Lumina Gold ROCE % Calculation

Lumina Gold'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 )
	=	-14.069	/	( ( (6.558 - 9.038)	+	(21.997 - 9.797) )	/ 2 )
	=	-14.069	/	( (-2.48	+	12.2)	/ 2 )
	=	-14.069	/	4.86
	=	-289.49 %

Lumina Gold'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 )
	=	-75.352	/	( ( (24.192 - 14.504)	+	(19.045 - 27.846) )	/ 2 )
	=	-75.352	/	( ( 9.688	+	-8.801 )	/ 2 )
	=	-75.352	/	0.4435
	=	-16,990.30 %

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

Lumina Gold (OTCPK:LMGDF) 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.

Lumina Gold ROCE % Related Terms

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Lumina Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lumina Gold Corp (OTCPK:LMGDF) » Definitions » ROCE %

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LUM:Canada

Address

625 Howe Street, Suite 410, Vancouver, BC, CAN, V6C 2T6

Website

http://www.luminagold.com

Lumina Gold Corp is a precious and base metals exploration and development company focused on the Cangrejos Gold-Copper Project located in El Oro Province, southwest Ecuador. Cangrejos is being turned to a Pre-Feasibility Study and is the primary gold deposit in Ecuador. The company has an experienced management team with a successful track record of advancing and monetizing exploration projects. It has one reportable operating segment, being that of the acquisition, exploration and evaluation of mineral properties in Ecuador.