District Metals (TSXV:DMX) ROCE % : -26.93% (As of Dec. 2024)

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What is District Metals 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. District Metals's annualized ROCE % for the quarter that ended in Dec. 2024 was -26.93%.

District Metals ROCE % Historical Data

The historical data trend for District Metals'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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District Metals ROCE % Chart

District Metals Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-39.59

-40.94

-22.42

-14.16

-20.90

District Metals Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-21.85	-41.21	-14.04	-13.20	-26.93

District Metals ROCE % Calculation

District Metals's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-2.382	/	( ( (10.121 - 0.119)	+	(14.005 - 1.217) )	/ 2 )
	=	-2.382	/	( (10.002	+	12.788)	/ 2 )
	=	-2.382	/	11.395
	=	-20.90 %

District Metals's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-3.236	/	( ( (13.404 - 1.049)	+	(12.629 - 0.955) )	/ 2 )
	=	-3.236	/	( ( 12.355	+	11.674 )	/ 2 )
	=	-3.236	/	12.0145
	=	-26.93 %

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

District Metals (TSXV:DMX) 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.

District Metals ROCE % Related Terms

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District Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » District Metals Corp (TSXV:DMX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DMXCF:USA DMXSE SDB:Sweden DFPP:Germany

Address

907 - 1030 West Georgia Street, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.districtmetals.com

District Metals Corp is a Canada-based mineral exploration company that is engaged in the business of acquiring, exploring, and evaluating natural resource properties. The company's main focus is the polymetallic Tomtebo Property located between the Falun Mine and Boliden's Garpenberg Mine. It holds interest in various other properties such as the Gruvberget Property, located in Sweden, the Bakar Property located on the northwest of Vancouver Island, Viken, Ardnasvarre, Alum Shale, Sagtjarn, and the Nianfors property in Sweden. The company has two reportable operating segments, which are acquisition and exploration and evaluation activities in Canada and Sweden.

Executives

Garrett Paul Ainsworth	Director
Joanna Cameron	Director
Doug Ramshaw	Director
Rosseau Asset Management Ltd.	10% Security Holder

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