Aurum Lake Mining (TSXV:ARL) ROCE % : -80.80% (As of Sep. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Aurum Lake Mining 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. Aurum Lake Mining's annualized ROCE % for the quarter that ended in Sep. 2024 was -80.80%.

Aurum Lake Mining ROCE % Historical Data

The historical data trend for Aurum Lake Mining'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.

* Premium members only.

Aurum Lake Mining ROCE % Chart

Aurum Lake Mining Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-76.25

-33.89

Aurum Lake Mining Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial									-110.06	-53.75	-61.89	-105.41	-80.80

Aurum Lake Mining ROCE % Calculation

Aurum Lake Mining'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 )
	=	-0.463	/	( ( (0.726 - 0.136)	+	(2.417 - 0.275) )	/ 2 )
	=	-0.463	/	( (0.59	+	2.142)	/ 2 )
	=	-0.463	/	1.366
	=	-33.89 %

Aurum Lake Mining'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 )
	=	-1.096	/	( ( (1.637 - 0.154)	+	(1.276 - 0.046) )	/ 2 )
	=	-1.096	/	( ( 1.483	+	1.23 )	/ 2 )
	=	-1.096	/	1.3565
	=	-80.80 %

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

Aurum Lake Mining (TSXV:ARL) 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.

Aurum Lake Mining ROCE % Related Terms

Thank you for viewing the detailed overview of Aurum Lake Mining's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.