Damara Gold (TSXV:DMR) ROCE % : -5.96% (As of Jan. 2024)

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What is Damara 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. Damara Gold's annualized ROCE % for the quarter that ended in Jan. 2024 was -5.96%.

Damara Gold ROCE % Historical Data

The historical data trend for Damara 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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Damara Gold ROCE % Chart

Damara Gold Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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-112.98

-127.62

-38.77

-10.60

-7.41

Damara 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															-7.00	-6.41	-9.15	-5.28	-5.96

Damara Gold ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	-0.195	/	( ( (2.724 - 0.13)	+	(2.749 - 0.078) )	/ 2 )
	=	-0.195	/	( (2.594	+	2.671)	/ 2 )
	=	-0.195	/	2.6325
	=	-7.41 %

Damara 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 )
	=	-0.156	/	( ( (2.744 - 0.109)	+	(2.739 - 0.141) )	/ 2 )
	=	-0.156	/	( ( 2.635	+	2.598 )	/ 2 )
	=	-0.156	/	2.6165
	=	-5.96 %

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

Damara Gold (TSXV:DMR) 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.

Damara Gold ROCE % Related Terms

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Damara Gold (TSXV:DMR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Damara Gold Corp (TSXV:DMR) » Definitions » ROCE %

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SLMZF:USA

Address

1632 Dickson Avenue, Suite 335, Landmark 3, Kelowna, BC, CAN, V1Y 7T2

Website

https://www.damaragoldcorp.com

Damara Gold Corp is a Canada-based exploration-stage company. The business activity of the group includes the exploration and development of mineral property in Namibia. It mainly explores for gold minerals. The company holds an interest in the Princeton Property that comprises approximately 22 mineral claims covering approximately 8,955 hectares located approximately 35km south of Princeton, British Columbia. The company also has two Properties which are Palcer Mountain Property and Vanlab Property.

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