Denarius Metals (NEOE:DMET) ROCE % : 113.16% (As of Jun. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Denarius Metals 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. Denarius Metals's annualized ROCE % for the quarter that ended in Jun. 2024 was 113.16%.

Denarius Metals ROCE % Historical Data

The historical data trend for Denarius Metals'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.

Denarius Metals ROCE % Chart

Denarius Metals Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-53.99

-18.21

-34.04

Denarius Metals Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial											-8.17	-8.16	-74.05	-110.22	113.16

Denarius Metals ROCE % Calculation

Denarius Metals'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 )
	=	-17.508	/	( ( (59.534 - 9.175)	+	(119.997 - 67.499) )	/ 2 )
	=	-17.508	/	( (50.359	+	52.498)	/ 2 )
	=	-17.508	/	51.4285
	=	-34.04 %

Denarius Metals's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	56.548	/	( ( (120.275 - 79.639)	+	(128.82 - 69.513) )	/ 2 )
	=	56.548	/	( ( 40.636	+	59.307 )	/ 2 )
	=	56.548	/	49.9715
	=	113.16 %

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

Denarius Metals (NEOE:DMET) 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.

Denarius Metals ROCE % Related Terms

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

Denarius Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Denarius Metals Corp (NEOE:DMET) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DNRSF:USA T7C:Germany

Address

401 Bay Street, Suite 2400, PO Box 15, Toronto, ON, CAN, M5H 2Y4

Website

https://www.denariusmetals.com

Denarius Metals Corp is engaged in the acquisition, exploration, development, and eventual operation of mining projects in high-grade districts, with its principal focus on the Lomero-Poyatos Project in Spain and the Guia Antigua Project in Colombia. The company's reportable segments and geographical location includes Colombia, Spain, and Corporate.

Denarius Metals Headlines

No Headlines