Electrum Discovery (TSXV:ELY) ROCE % : -41.86% (As of Sep. 2024)

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What is Electrum Discovery 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. Electrum Discovery's annualized ROCE % for the quarter that ended in Sep. 2024 was -41.86%.

Electrum Discovery ROCE % Historical Data

The historical data trend for Electrum Discovery'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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Electrum Discovery ROCE % Chart

Electrum Discovery Annual Data

Trend

Dec22

Dec23

ROCE %

Electrum Discovery Quarterly Data
	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial			-	-	-121.16	-54.27	-41.86

Electrum Discovery ROCE % Calculation

Electrum Discovery'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 )
	=	-0.363	/	( ( (0.247 - 0.386)	+	(0.34 - 0.728) )	/ 2 )
	=	-0.363	/	( (-0.139	+	-0.388)	/ 2 )
	=	-0.363	/	-0.2635
	=	137.76 %

Electrum Discovery'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 )
	=	-1.332	/	( ( (3.588 - 0.361)	+	(3.84 - 0.703) )	/ 2 )
	=	-1.332	/	( ( 3.227	+	3.137 )	/ 2 )
	=	-1.332	/	3.182
	=	-41.86 %

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

Electrum Discovery (TSXV:ELY) 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.

Electrum Discovery ROCE % Related Terms

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Electrum Discovery Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Electrum Discovery Corp (TSXV:ELY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ELDCF:USA R8N:Germany

Address

200 Burrard Street, Suite 650, Vancouver, BC, CAN, V6C 3L6

Website

https://www.medgoldresources.com

Electrum Discovery Corp is a Canadian-based mineral exploration and development company focused on the Western Tethyan Belt with activities in the Republic of Serbia. The current focus of the company is its copper-gold Timok East Project and Novo Tlamino Project.

Executives

Richard Michael Jones	Director
Janet Lynn O'donnell	Senior Officer
Ralph Rushton	Director

Electrum Discovery Headlines

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