Orestone Mining (TSXV:ORS) ROCE % : -2.73% (As of Oct. 2023)

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What is Orestone Mining 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. Orestone Mining's annualized ROCE % for the quarter that ended in Oct. 2023 was -2.73%.

Orestone Mining ROCE % Historical Data

The historical data trend for Orestone Mining'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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Orestone Mining ROCE % Chart

Orestone Mining Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

ROCE %

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-29.13

-34.94

-24.95

-21.19

-8.24

Orestone Mining Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
ROCE %	Get a 7-Day Free Trial															-10.64	-3.06	-12.33	-9.61	-2.73

Orestone Mining ROCE % Calculation

Orestone Mining's annualized ROCE % for the fiscal year that ended in Jan. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	-0.278	/	( ( (3.753 - 0.271)	+	(3.347 - 0.085) )	/ 2 )
	=	-0.278	/	( (3.482	+	3.262)	/ 2 )
	=	-0.278	/	3.372
	=	-8.24 %

Orestone Mining's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	-0.084	/	( ( (3.208 - 0.124)	+	(3.205 - 0.142) )	/ 2 )
	=	-0.084	/	( ( 3.084	+	3.063 )	/ 2 )
	=	-0.084	/	3.0735
	=	-2.73 %

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

Orestone Mining (TSXV:ORS) 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.

Orestone Mining ROCE % Related Terms

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Orestone Mining (TSXV:ORS) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Orestone Mining Corp (TSXV:ORS) » Definitions » ROCE %

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ORESF:USA O2R2:Germany

Address

407-325 Howe Street, Vancouver, BC, CAN, V6C 1Z7

Website

https://www.orestone.ca

Orestone Mining Corp is a mineral exploration company. The principal business activity of the company is the exploration of mineral properties. The company holds an interest in the Captain Property and the Resguardo Property. The group operates in the geographical segments of Canada and Chile.

Executives

David Hottman

Director, Senior Officer

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