Desert Mountain Energy (STU:QM01) ROCE % : -13.24% (As of Jun. 2024)

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What is Desert Mountain Energy 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. Desert Mountain Energy's annualized ROCE % for the quarter that ended in Jun. 2024 was -13.24%.

Desert Mountain Energy ROCE % Historical Data

The historical data trend for Desert Mountain Energy'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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Desert Mountain Energy ROCE % Chart

Desert Mountain Energy Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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-41.68

-22.01

-29.90

-19.83

-13.51

Desert Mountain Energy Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-10.29	-10.48	-6.51	-8.22	-13.24

Desert Mountain Energy ROCE % Calculation

Desert Mountain Energy's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-4.662	/	( ( (30.302 - 1.778)	+	(41.166 - 0.662) )	/ 2 )
	=	-4.662	/	( (28.524	+	40.504)	/ 2 )
	=	-4.662	/	34.514
	=	-13.51 %

Desert Mountain Energy'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: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-5.056	/	( ( (38.556 - 0.35)	+	(38.545 - 0.348) )	/ 2 )
	=	-5.056	/	( ( 38.206	+	38.197 )	/ 2 )
	=	-5.056	/	38.2015
	=	-13.24 %

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

Desert Mountain Energy (STU:QM01) 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.

Desert Mountain Energy ROCE % Related Terms

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Desert Mountain Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Desert Mountain Energy Corp (STU:QM01) » Definitions » ROCE %

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DMEHF:USA QM01:Germany DME:Canada

Address

14155 West Mountain View Blvd. No. 1023, Surprise, AZ, USA, V6C 2T7

Website

https://www.desertmountainenergy.com

Desert Mountain Energy Corp is a forward-looking resource company actively engaged in the exploration and development of Helium and Rare Earth Gas properties in the U.S. Southwest. The company's projects include Holbrook Helium Project and the Noble gas project.

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