Lovitt Resources (TSXV:LRC.H) ROCE % : 0.00% (As of Mar. 2023)

View and export this data going back to 1980. Start your Free Trial

What is Lovitt 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. Lovitt Resources's annualized ROCE % for the quarter that ended in Mar. 2023 was 0.00%.

Lovitt Resources ROCE % Historical Data

The historical data trend for Lovitt 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.

* Premium members only.

Lovitt Resources ROCE % Chart

Lovitt Resources Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Mar16

Mar17

Mar18

Mar19

Jun21

Jun22

ROCE %

Get a 7-Day Free Trial

Lovitt Resources Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Lovitt Resources ROCE % Calculation

Lovitt Resources's annualized ROCE % for the fiscal year that ended in Jun. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	-0.229	/	( ( (1.213 - 2.217)	+	(1.312 - 2.519) )	/ 2 )
	=	-0.229	/	( (-1.004	+	-1.207)	/ 2 )
	=	-0.229	/	-1.1055
	=	20.71 %

Lovitt Resources's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	0.292	/	( ( (1.365 - 2.782)	+	(1.448 - 2.826) )	/ 2 )
	=	0.292	/	( ( -1.417	+	-1.378 )	/ 2 )
	=	0.292	/	-1.3975
	=	0 %

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

Lovitt Resources (TSXV:LRC.H) 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.

Lovitt Resources ROCE % Related Terms

Thank you for viewing the detailed overview of Lovitt Resources's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Lovitt Resources (TSXV:LRC.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lovitt Resources Inc (TSXV:LRC.H) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1942 167 Street, Surrey, British Columbia, BC, CAN, V3Z 9R4

Website

https://www.lovittresources.com

Lovitt Resources Inc is engaged in the development of gold resources in North America. It holds land and mineral interests located in Wenatchee, Washington, U.S.A. The company finances its operations by selling land. The geopraphical segments include United States and Canada.

Lovitt Resources (TSXV:LRC.H) Headlines

No Headlines