Star Diamond (TSX:DIAM) ROCE % : -40.84% (As of Mar. 2024)

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What is Star Diamond 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. Star Diamond's annualized ROCE % for the quarter that ended in Mar. 2024 was -40.84%.

Star Diamond ROCE % Historical Data

The historical data trend for Star Diamond'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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Star Diamond ROCE % Chart

Star Diamond Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-5.60

-8.32

-11.13

-200.41

-211.53

Star Diamond 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															-63.68	-210.18	-228.80	-818.38	-40.84

Star Diamond ROCE % Calculation

Star Diamond'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 )
	=	-2.808	/	( ( (3.07 - 0.717)	+	(1.161 - 0.859) )	/ 2 )
	=	-2.808	/	( (2.353	+	0.302)	/ 2 )
	=	-2.808	/	1.3275
	=	-211.53 %

Star Diamond'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 )
	=	-3.524	/	( ( (1.161 - 0.859)	+	(19.489 - 2.534) )	/ 2 )
	=	-3.524	/	( ( 0.302	+	16.955 )	/ 2 )
	=	-3.524	/	8.6285
	=	-40.84 %

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

Star Diamond (TSX:DIAM) 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.

Star Diamond ROCE % Related Terms

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Star Diamond (TSX:DIAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Star Diamond Corp (TSX:DIAM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SHGDF:USA

Address

600, 224 - 4th Avenue South, Saskatoon, SK, CAN, S7K 5M5

Website

https://www.stardiamondcorp.com

Star Diamond Corp is a Canadian natural resource company. The activities of the company are the exploration, development, and production of diamonds. The company owns an interest in the Star-Orion South Diamond project, and Fort a la Corne Diamond District properties located in central Saskatchewan; and Buffalo Hills property located in the northwest of Edmonton.

Executives

Ewan Mason	Director
Mark Shimell	Senior Officer

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