Leocor Gold (XCNQ:LECR) ROCE % : -3.61% (As of Jan. 2024)

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What is Leocor Gold 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. Leocor Gold's annualized ROCE % for the quarter that ended in Jan. 2024 was -3.61%.

Leocor Gold ROCE % Historical Data

The historical data trend for Leocor Gold'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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Leocor Gold ROCE % Chart

Leocor Gold Annual Data

Trend

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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-35.70

-63.35

-28.87

-3.44

-74.13

Leocor Gold Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-3.17	-2.73	-2.71	-284.66	-3.61

Leocor Gold ROCE % Calculation

Leocor Gold's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-8.135	/	( ( (15.438 - 0.526)	+	(7.252 - 0.215) )	/ 2 )
	=	-8.135	/	( (14.912	+	7.037)	/ 2 )
	=	-8.135	/	10.9745
	=	-74.13 %

Leocor Gold's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-0.268	/	( ( (7.252 - 0.215)	+	(8.056 - 0.229) )	/ 2 )
	=	-0.268	/	( ( 7.037	+	7.827 )	/ 2 )
	=	-0.268	/	7.432
	=	-3.61 %

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

Leocor Gold (XCNQ:LECR) 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.

Leocor Gold ROCE % Related Terms

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Leocor Gold (XCNQ:LECR) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Leocor Gold Inc (XCNQ:LECR) » Definitions » ROCE %

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LECRF:USA LGO:Germany

Address

750 West Pender Street, Suite 303, Vancouver, BC, CAN, V6C 2T7

Website

https://www.leocorgold.com

Leocor Gold Inc is engaged in the acquisition and exploration of precious metal projects. The company holds interests in the Dorset Gold Project located in the Province of Newfoundland, Canada, south of the Pine Cove Gold Mine and Shotgun Project located in the northwest of the town of Pemberton, British Columbia. The Baie Verte portfolio includes the Dorset, Five Mile Brook, Dorset Extension, and Copper Creek projects.

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