Diamcor Mining (TSXV:DMI) ROCE % : 0.00% (As of Dec. 2023)

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What is Diamcor 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. Diamcor Mining's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Diamcor Mining ROCE % Historical Data

The historical data trend for Diamcor 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.

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Diamcor Mining ROCE % Chart

Diamcor Mining Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-71.96

-122.47

-139.78

-72.53

124.18

Diamcor Mining Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-	-42.88	64.80	-	-

Diamcor Mining ROCE % Calculation

Diamcor Mining's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	0.837	/	( ( (9.003 - 8.158)	+	(8.021 - 7.518) )	/ 2 )
	=	0.837	/	( (0.845	+	0.503)	/ 2 )
	=	0.837	/	0.674
	=	124.18 %

Diamcor Mining'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 )
	=	-2.872	/	( ( (6.124 - 8.891)	+	(5.317 - 8.974) )	/ 2 )
	=	-2.872	/	( ( -2.767	+	-3.657 )	/ 2 )
	=	-2.872	/	-3.212
	=	0 %

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

Diamcor Mining (TSXV:DMI) 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.

Diamcor Mining ROCE % Related Terms

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Diamcor Mining (TSXV:DMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Diamcor Mining Inc (TSXV:DMI) » Definitions » ROCE %

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DMIFF:USA

Address

1620 Dickson Avenue, Suite 630, Kelowna, BC, CAN, V1Y 9Y2

Website

https://www.diamcormining.com

Diamcor Mining Inc is a mining and exploration company. It is engaged in the identification, acquisition, exploration, evaluation, operation, and advancement of diamond-based resource properties with a specific focus on the mining segment of the diamond industry through its subsidiaries. Some of its projects include Kimberlite, Alluvial / Eluvial, and Tailings processing projects. Geographically, it operates in Canada and South Africa.

Executives

Dean Taylor

Director, Senior Officer

Diamcor Mining (TSXV:DMI) Headlines

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