Lode Gold Resources (TSXV:LOD) ROCE % : 10.14% (As of Sep. 2023)

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What is Lode Gold Resources 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. Lode Gold Resources's annualized ROCE % for the quarter that ended in Sep. 2023 was 10.14%.

Lode Gold Resources ROCE % Historical Data

The historical data trend for Lode Gold Resources'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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Lode Gold Resources ROCE % Chart

Lode Gold Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-16.33

-9.06

-21.23

-8.80

-11.76

Lode Gold Resources Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-17.13	-4.13	-6.16	-2.45	10.14

Lode Gold Resources ROCE % Calculation

Lode Gold Resources's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-2.445	/	( ( (26.986 - 5.935)	+	(27.048 - 6.503) )	/ 2 )
	=	-2.445	/	( (21.051	+	20.545)	/ 2 )
	=	-2.445	/	20.798
	=	-11.76 %

Lode Gold Resources's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	2.232	/	( ( (26.361 - 6.24)	+	(26.653 - 2.733) )	/ 2 )
	=	2.232	/	( ( 20.121	+	23.92 )	/ 2 )
	=	2.232	/	22.0205
	=	10.14 %

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

Lode Gold Resources (TSXV:LOD) 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.

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Lode Gold Resources (TSXV:LOD) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lode Gold Resources Inc (TSXV:LOD) » Definitions » ROCE %

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SBMIF:USA

Address

100 King Street West, Suite 5700, Toronto, ON, CAN, M5X 1C7

Website

https://www.stratabound.com

Lode Gold Resources Inc formerly Stratabound Minerals Corp is a mineral exploration and development company with its advanced-stage Fremont Gold Project in the Mother Lode Gold Belt of California. The Project features an NI 43-101 Mineral Resource estimate of 1.16M ounces at an average grade of 1.90 g/t Au in the Indicated plus 2.02M ounces at an average grade of 2.22 g/t Au in the Inferred Mineral Resource classifications encompassing two historic high-grade U/G gold mines. Also, Fremont hosts three other undeveloped gold occurrences across 4 km of strike along the prolific Mother Lode Gold Belt. The company is also advancing its other early-stage gold projects: Golden Culvert, YT, McIntyre Brook, NB, and Dingman, ON gold projects.

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