Lexington Gold (LSE:LEX) ROCE % : -16.36% (As of Jun. 2023)

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What is Lexington 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. Lexington Gold's annualized ROCE % for the quarter that ended in Jun. 2023 was -16.36%.

Lexington Gold ROCE % Historical Data

The historical data trend for Lexington 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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Lexington Gold ROCE % Chart

Lexington Gold Annual Data

Trend

Jun18

Jun19

Dec20

Dec21

Dec22

ROCE %

-95.67

-25.60

-20.55

-18.59

Lexington Gold Semi-Annual Data
	Dec18	Jun19	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial				-17.65	-23.61	-16.52	-21.60	-16.36

Lexington Gold ROCE % Calculation

Lexington Gold's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-0.704	/	( ( (3.581 - 0.08)	+	(4.149 - 0.078) )	/ 2 )
	=	-0.704	/	( (3.501	+	4.071)	/ 2 )
	=	-0.704	/	3.786
	=	-18.59 %

Lexington Gold's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-0.628	/	( ( (4.149 - 0.078)	+	(4.142 - 0.538) )	/ 2 )
	=	-0.628	/	( ( 4.071	+	3.604 )	/ 2 )
	=	-0.628	/	3.8375
	=	-16.36 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Lexington Gold (LSE:LEX) 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.

Lexington Gold ROCE % Related Terms

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Lexington Gold (LSE:LEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lexington Gold Ltd (LSE:LEX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

XX40:Germany

Address

Clarendon House, 2 Church Street, Hamilton, BMU, HM 11

Website

https://www.lexingtongold.co.uk

Lexington Gold Ltd is engaged in the gold exploration and development of its four gold projects in North and South Carolina, USA. The Company comprises the following reportable segments such as Corporate and Exploration activities. The projects are situated in the Carolina Super Terrane and are host to a number of multi-million-ounce mines operated. Its projects include Jennings-Pioneer Project, Argo Project, Carolina Belle Project, And Jones Keystone & Loflin Project (JKL).

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