Elysee Development (TSXV:ELC) ROCE % : 9.93% (As of Mar. 2024)

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What is Elysee Development 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. Elysee Development's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.93%.

Elysee Development ROCE % Historical Data

The historical data trend for Elysee Development'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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Elysee Development ROCE % Chart

Elysee Development Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.56

24.01

0.22

-13.88

-30.35

Elysee Development Quarterly Data
	May19	Aug19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															14.82	-28.32	-39.98	-69.66	9.93

Elysee Development ROCE % Calculation

Elysee Development'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 )
	=	-4.03	/	( ( (15.537 - 0.141)	+	(11.22 - 0.062) )	/ 2 )
	=	-4.03	/	( (15.396	+	11.158)	/ 2 )
	=	-4.03	/	13.277
	=	-30.35 %

Elysee Development's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	1.12	/	( ( (11.22 - 0.062)	+	(11.445 - 0.048) )	/ 2 )
	=	1.12	/	( ( 11.158	+	11.397 )	/ 2 )
	=	1.12	/	11.2775
	=	9.93 %

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

Elysee Development (TSXV:ELC) 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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Elysee Development (TSXV:ELC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Elysee Development Corp (TSXV:ELC) » Definitions » ROCE %

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ASXSF:USA

Address

1021 West Hastings Street, 9th Floor, Vancouver, BC, CAN, V6E 0C3

Website

https://www.elyseedevelopment.com

Elysee Development Corp is a diversified investment and venture capital firm with a focus on publicly traded companies in the natural resource sector. is an investment issuer with an actively managed investment portfolio of common shares and other securities, and investments cover a broad range of activities with a focus on natural resources and in particular the precious metals sector. Its investment activities are currently concentrated on junior exploration and mining companies active in the gold and silver sector as well as several technology companies.

Executives

Guido Cloetens

10% Security Holder, Director, Senior Officer

Elysee Development (TSXV:ELC) Headlines

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