Discovery Silver (LTS:0A61) ROCE % : -16.69% (As of Dec. 2023)

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What is Discovery Silver 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. Discovery Silver's annualized ROCE % for the quarter that ended in Dec. 2023 was -16.69%.

Discovery Silver ROCE % Historical Data

The historical data trend for Discovery Silver'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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Discovery Silver ROCE % Chart

Discovery Silver Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-32.28

-21.73

-32.73

-42.00

-14.08

Discovery Silver Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-44.43	-18.04	-13.73	-6.40	-16.69

Discovery Silver ROCE % Calculation

Discovery Silver'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 )
	=	-15.733	/	( ( (91.583 - 1.965)	+	(146.066 - 12.168) )	/ 2 )
	=	-15.733	/	( (89.618	+	133.898)	/ 2 )
	=	-15.733	/	111.758
	=	-14.08 %

Discovery Silver's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-22.644	/	( ( (150.771 - 13.328)	+	(146.066 - 12.168) )	/ 2 )
	=	-22.644	/	( ( 137.443	+	133.898 )	/ 2 )
	=	-22.644	/	135.6705
	=	-16.69 %

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

Discovery Silver (LTS:0A61) 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.

Discovery Silver ROCE % Related Terms

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Discovery Silver (LTS:0A61) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Discovery Silver Corp (LTS:0A61) » Definitions » ROCE %

Comparable Companies

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DSVSF:USA 1CU0:Germany 1CU0:Germany DSV:Canada

Address

55 University Avenue, Suite 701, Toronto, ON, CAN, M5J 2H7

Website

https://www.discoverysilver.com

Discovery Silver Corp is an exploration and development company building a large-scale, high-margin silver asset in Mexico. Its flagship project is the Cordero project, one of the few silver projects globally that offer margin, size, and scalability. The project is located in a prolific mining belt in Chihuahua State, Mexico. It has one segment, which is involved in the exploration and development of polymetallic mineral deposits.

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