Hardcore Discoveries (STU:Y5E) ROCE % : 0.00% (As of Sep. 2024)

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What is Hardcore Discoveries 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. Hardcore Discoveries's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

Hardcore Discoveries ROCE % Historical Data

The historical data trend for Hardcore Discoveries'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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Hardcore Discoveries ROCE % Chart

Hardcore Discoveries Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-822.76

-287.33

Hardcore Discoveries 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															-	-	-	-	-

Hardcore Discoveries ROCE % Calculation

Hardcore Discoveries'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 )
	=	-0.154	/	( ( (0.146 - 0.445)	+	(0.015 - 0.91) )	/ 2 )
	=	-0.154	/	( (-0.299	+	-0.895)	/ 2 )
	=	-0.154	/	-0.597
	=	25.80 %

Hardcore Discoveries'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 )
	=	-0.36	/	( ( (0.014 - 1.001)	+	(0.017 - 1.036) )	/ 2 )
	=	-0.36	/	( ( -0.987	+	-1.019 )	/ 2 )
	=	-0.36	/	-1.003
	=	0 %

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

Hardcore Discoveries (STU:Y5E) 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.

Hardcore Discoveries ROCE % Related Terms

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Hardcore Discoveries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hardcore Discoveries Ltd (STU:Y5E) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MAKAF:USA HARD:Canada

Address

409 Granville Street, Suite 1000, Vancouver, BC, CAN, V6C 1T2

Website

https://www.makaramining.com

Hardcore Discoveries Ltd formerly Makara Mining Corp is engaged in the business of mineral exploration in Canada. Its projects include Rude Creek Property, Kenora Gold Property, Win Property, Idaho Property, and Davis & Paradise Properties.

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