Emerita Resources (FRA:LLJA) ROCE % : -169.18% (As of Mar. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Emerita 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. Emerita Resources's annualized ROCE % for the quarter that ended in Mar. 2024 was -169.18%.

Emerita Resources ROCE % Historical Data

The historical data trend for Emerita 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.

* Premium members only.

Emerita Resources ROCE % Chart

Emerita Resources Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

Get a 7-Day Free Trial

-133.73

-95.34

-127.46

Emerita Resources Quarterly Data
	Jun19	Sep19	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															-168.81	-159.33	-169.56	-127.03	-169.18

Emerita Resources ROCE % Calculation

Emerita Resources's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-15.186	/	( ( (17.127 - 1.393)	+	(9.186 - 1.092) )	/ 2 )
	=	-15.186	/	( (15.734	+	8.094)	/ 2 )
	=	-15.186	/	11.914
	=	-127.46 %

Emerita Resources'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 )
	=	-8.12	/	( ( (6.109 - 0.31)	+	(4.465 - 0.665) )	/ 2 )
	=	-8.12	/	( ( 5.799	+	3.8 )	/ 2 )
	=	-8.12	/	4.7995
	=	-169.18 %

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

Emerita Resources (FRA:LLJA) 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.

Emerita Resources ROCE % Related Terms

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

Emerita Resources (FRA:LLJA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Emerita Resources Corp (FRA:LLJA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EMOTF:USA EMO:Canada

Address

36 Lombard Street, Floor 4, Toronto, ON, CAN, M5C 2X3

Website

https://www.emeritaresources.com

Emerita Resources Corp is a natural resource company engaged in the acquisition, exploration and development of mineral properties with a primary focus on exploring in Spain. The company has a 100% interest in the Iberian Belt West project which cover 1,546 hectares located in the Iberian Pyrite Belt in southern Spain as well as the Nuevo Tintillo project which covers 6,875 hectares in the eastern part of the Iberian Pyrite Belt between the deposits of Aznalcollar to the southeast and Rio Tinto to the northwest.

Emerita Resources (FRA:LLJA) Headlines

No Headlines