Lahontan Gold (TSXV:LG) ROCE % : -4.58% (As of Mar. 2024)

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What is Lahontan 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. Lahontan Gold's annualized ROCE % for the quarter that ended in Mar. 2024 was -4.58%.

Lahontan Gold ROCE % Historical Data

The historical data trend for Lahontan 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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Lahontan Gold ROCE % Chart

Lahontan Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-7.37

-15.95

-9.57

Lahontan Gold Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial							-6.77	-14.56	-8.32	-7.13	-4.58

Lahontan Gold ROCE % Calculation

Lahontan 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 )
	=	-2.175	/	( ( (21.429 - 0.115)	+	(24.19 - 0.071) )	/ 2 )
	=	-2.175	/	( (21.314	+	24.119)	/ 2 )
	=	-2.175	/	22.7165
	=	-9.57 %

Lahontan 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 )
	=	-1.104	/	( ( (24.19 - 0.071)	+	(24.231 - 0.176) )	/ 2 )
	=	-1.104	/	( ( 24.119	+	24.055 )	/ 2 )
	=	-1.104	/	24.087
	=	-4.58 %

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

Lahontan Gold (TSXV:LG) 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.

Lahontan Gold ROCE % Related Terms

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Lahontan Gold (TSXV:LG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

LGCXF:USA

Address

890 West Pender Street, Suite 600, Toronto, ON, CAN, V6C 1J9

Website

https://www.lahontangoldcorp.com

Lahontan Gold Corp is engaged in the exploration of gold and silver. The Company is an exploration stage junior mining company engaged in the identification, acquisition, evaluation and exploration of mineral properties in Nevada, USA. The projects of the company include Santa Fe, Moho, and Redlich located in Nevada.

Executives

John Darin Mcneice

Senior Officer

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