Glacier Lake Resources (TSXV:GLI) ROCE % : 0.00% (As of Dec. 2023)

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What is Glacier Lake 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. Glacier Lake Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Glacier Lake Resources ROCE % Historical Data

The historical data trend for Glacier Lake 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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Glacier Lake Resources ROCE % Chart

Glacier Lake Resources Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-186.23

-309.60

-97.20

-155.40

-107.38

Glacier Lake Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-118.42	-182.63	-279.39	-1,144.72	-

Glacier Lake Resources ROCE % Calculation

Glacier Lake Resources's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-0.72	/	( ( (1.063 - 0.033)	+	(0.429 - 0.118) )	/ 2 )
	=	-0.72	/	( (1.03	+	0.311)	/ 2 )
	=	-0.72	/	0.6705
	=	-107.38 %

Glacier Lake Resources'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 )
	=	-0.668	/	( ( (0.34 - 0.367)	+	(0.299 - 0.492) )	/ 2 )
	=	-0.668	/	( ( -0.027	+	-0.193 )	/ 2 )
	=	-0.668	/	-0.11
	=	0 %

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

Glacier Lake Resources (TSXV:GLI) 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.

Glacier Lake Resources ROCE % Related Terms

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Glacier Lake Resources (TSXV:GLI) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Glacier Lake Resources Inc (TSXV:GLI) » Definitions » ROCE %

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KDM:Germany

Address

750 West Pender Street, Suite 250, Vancouver, BC, CAN, V6C 2T7

Website

http://www.glacierlake.ca

Glacier Lake Resources Inc is a resource exploration company. It is engaged in acquiring and exploring resource properties in Canada. Its projects includes the Silver Vista Property and Silver Star Property in British Columbia.

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