Labrador Gold (TSXV:LAB) ROCE % : -1.54% (As of Dec. 2023)

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What is Labrador Gold 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. Labrador Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.54%.

Labrador Gold ROCE % Historical Data

The historical data trend for Labrador Gold'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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Labrador Gold ROCE % Chart

Labrador Gold Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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-9.03

-20.65

-5.85

-2.66

-2.60

Labrador Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-1.84	-2.26	-3.35	-2.98	-1.54

Labrador Gold ROCE % Calculation

Labrador Gold's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-1.293	/	( ( (50.844 - 0.927)	+	(50.455 - 0.999) )	/ 2 )
	=	-1.293	/	( (49.917	+	49.456)	/ 2 )
	=	-1.293	/	49.6865
	=	-2.60 %

Labrador Gold'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 )
	=	-0.76	/	( ( (50.455 - 0.999)	+	(50.074 - 0.679) )	/ 2 )
	=	-0.76	/	( ( 49.456	+	49.395 )	/ 2 )
	=	-0.76	/	49.4255
	=	-1.54 %

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

Labrador Gold (TSXV:LAB) 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.

Labrador Gold ROCE % Related Terms

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Labrador Gold (TSXV:LAB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Labrador Gold Corp (TSXV:LAB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NKOSF:USA

Address

82 Richmond Street East, Toronto, ON, CAN, M5C 1P1

Website

https://www.labradorgold.com

Labrador Gold Corp is a Canadian-based mineral exploration company. It focuses on the acquisition and exploration of prospective gold projects in the Americas. The company also has mineral rights interests in Ontario, Canada. Its projects include Borden Lake Extension Project, the Hopedale property, and the Kingsway property.

Executives

Roger Moss

Director, Senior Officer