Lode Gold Resources (TSXV:LOD) ROCE % : -8.39% (As of Sep. 2024)

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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. 2024 was -8.39%.

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

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-9.06

-21.23

-8.80

-11.76

-1.20

Lode Gold Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															10.14	1.74	-10.21	-14.92	-8.39

Lode Gold Resources ROCE % Calculation

Lode Gold Resources'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 )
	=	-0.273	/	( ( (27.048 - 6.503)	+	(26.509 - 1.583) )	/ 2 )
	=	-0.273	/	( (20.545	+	24.926)	/ 2 )
	=	-0.273	/	22.7355
	=	-1.20 %

Lode Gold Resources'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 )
	=	-2.22	/	( ( (27.718 - 0.999)	+	(27.473 - 1.272) )	/ 2 )
	=	-2.22	/	( ( 26.719	+	26.201 )	/ 2 )
	=	-2.22	/	26.46
	=	-8.39 %

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

Lode Gold Resources ROCE % Related Terms

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Lode Gold Resources Business Description

Industry

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

Comparable Companies

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LODFF:USA

Address

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

Website

https://www.lode-gold.com

Lode Gold Resources Inc is a Canadian exploration and development company with grassroots and advanced exploration properties in highly prospective and safe mining jurisdictions. The company projects are McIntyre Brook Project, Golden Culvert and Win Projects. It also holds a pipeline of early-stage exploration projects including the critical mineral Captain Cobalt-Copper-Gold Deposit in New Brunswick and the Dingman Gold Project, Ontario.

Executives

Yongbiao Ding	Senior Officer
Wendy Chan	Director

Lode Gold Resources Headlines

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