Libero Copper & Gold (TSXV:LBC) ROCE % : -422.80% (As of Mar. 2024)

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What is Libero Copper & 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. Libero Copper & Gold's annualized ROCE % for the quarter that ended in Mar. 2024 was -422.80%.

Libero Copper & Gold ROCE % Historical Data

The historical data trend for Libero Copper & 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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Libero Copper & Gold ROCE % Chart

Libero Copper & Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-220.42

-283.94

-235.20

-279.98

-425.90

Libero Copper & Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-187.82	-195.18	-308.87	-726.18	-422.80

Libero Copper & Gold ROCE % Calculation

Libero Copper & Gold'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 )
	=	-7.53	/	( ( (3.951 - 0.859)	+	(2.412 - 1.968) )	/ 2 )
	=	-7.53	/	( (3.092	+	0.444)	/ 2 )
	=	-7.53	/	1.768
	=	-425.90 %

Libero Copper & Gold's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-11.684	/	( ( (2.412 - 1.968)	+	(5.492 - 0.409) )	/ 2 )
	=	-11.684	/	( ( 0.444	+	5.083 )	/ 2 )
	=	-11.684	/	2.7635
	=	-422.80 %

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

Libero Copper & Gold (TSXV:LBC) 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.

Libero Copper & Gold ROCE % Related Terms

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Libero Copper & Gold (TSXV:LBC) Business Description

Industry

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

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Traded in Other Exchanges

LBCMF:USA 29H:Germany

Address

1111 West Hastings Street, Suite 905, Vancouver, BC, CAN, V6E 2J3

Website

https://www.liberocopper.com

Libero Copper & Gold Corp is a mineral exploration company that holds a portfolio of porphyry copper deposits throughout the Americas, including the Big Red porphyry copper and Big Bulk porphyry copper-gold projects in the Golden Triangle, British Columbia, Canada, the Mocoa porphyry copper-molybdenum deposit in Putumayo, Colombia; and the Esperanza porphyry copper-gold project in San Juan, Argentina. The company operates in four geographic regions; Canada, the USA, Argentina and Colombia.

Executives

Ian Slater

Director, Senior Officer