Starlo Ventures (XCNQ:SLO) ROCE % : -154.84% (As of Dec. 2023)

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What is Starlo Ventures 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. Starlo Ventures's annualized ROCE % for the quarter that ended in Dec. 2023 was -154.84%.

Starlo Ventures ROCE % Historical Data

The historical data trend for Starlo Ventures'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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Starlo Ventures ROCE % Chart

Starlo Ventures Annual Data

Trend

Dec22

Dec23

ROCE %

-91.02

-128.53

Starlo Ventures Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			-226.56	-165.97	-126.32	-136.32	-154.84

Starlo Ventures ROCE % Calculation

Starlo Ventures'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 )
	=	-0.205	/	( ( (0.331 - 0.075)	+	(0.082 - 0.019) )	/ 2 )
	=	-0.205	/	( (0.256	+	0.063)	/ 2 )
	=	-0.205	/	0.1595
	=	-128.53 %

Starlo Ventures's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-0.12	/	( ( (0.096 - 0.004)	+	(0.082 - 0.019) )	/ 2 )
	=	-0.12	/	( ( 0.092	+	0.063 )	/ 2 )
	=	-0.12	/	0.0775
	=	-154.84 %

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

Starlo Ventures (XCNQ:SLO) 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.

Starlo Ventures ROCE % Related Terms

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Starlo Ventures (XCNQ:SLO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Starlo Ventures Ltd (XCNQ:SLO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

400 Burrard Street, Suite 1400, Vancouver, BC, CAN, V6C 3A6

Website

Starlo Ventures Ltd is engaged in the business of mineral exploration with a focus on precious metals. It holds interest in Mount Richards Property which is located on the southern part of Vancouver Island, British Columbia within a belt of Devonian volcanic and sedimentary rocks.

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