Lions Bay Capital (TSXV:LBI) ROCE % : -74.70% (As of Feb. 2024)

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What is Lions Bay Capital 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. Lions Bay Capital's annualized ROCE % for the quarter that ended in Feb. 2024 was -74.70%.

Lions Bay Capital ROCE % Historical Data

The historical data trend for Lions Bay Capital'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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Lions Bay Capital ROCE % Chart

Lions Bay Capital Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

ROCE %

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-81.14

-10.68

103.14

0.92

-59.63

Lions Bay Capital Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-62.67	3.18	-62.70	-29.72	-74.70

Lions Bay Capital ROCE % Calculation

Lions Bay Capital's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	-5.854	/	( ( (13.692 - 0.962)	+	(8.127 - 1.224) )	/ 2 )
	=	-5.854	/	( (12.73	+	6.903)	/ 2 )
	=	-5.854	/	9.8165
	=	-59.63 %

Lions Bay Capital's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-3.616	/	( ( (6.207 - 0.92)	+	(5.697 - 1.302) )	/ 2 )
	=	-3.616	/	( ( 5.287	+	4.395 )	/ 2 )
	=	-3.616	/	4.841
	=	-74.70 %

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

Lions Bay Capital (TSXV:LBI) 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.

Lions Bay Capital ROCE % Related Terms

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Lions Bay Capital (TSXV:LBI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Lions Bay Capital Inc (TSXV:LBI) » Definitions » ROCE %

Comparable Companies

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Address

1166 Alberni Street, Suite 1201, Vancouver, BC, CAN, V6E 3Z3

Website

https://www.lionsbaycapital.com

Lions Bay Capital Inc is an investment holding company. It is a mining finance and investment company that identifies and realizes the potential of early stage resource opportunities. The fundamental objective of LBI management is to generate profits and be a vehicle through which major investment institutions use to identify opportunities.

Executives

John Joseph Byrne

10% Security Holder, Director, Senior Officer

Lions Bay Capital (TSXV:LBI) Headlines

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