Lake Victoria Gold (TSXV:LVG) ROCE % : -75.05% (As of Dec. 2023)

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What is Lake Victoria 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. Lake Victoria Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -75.05%.

Lake Victoria Gold ROCE % Historical Data

The historical data trend for Lake Victoria 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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Lake Victoria Gold ROCE % Chart

Lake Victoria Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-14.44

-37.88

-28.83

-15.46

-44.65

Lake Victoria Gold Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-21.80	23.52	-27.87	-32.97	-75.05

Lake Victoria Gold ROCE % Calculation

Lake Victoria Gold's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-2.907	/	( ( (7.184 - 0.765)	+	(7.433 - 0.831) )	/ 2 )
	=	-2.907	/	( (6.419	+	6.602)	/ 2 )
	=	-2.907	/	6.5105
	=	-44.65 %

Lake Victoria Gold's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-4.448	/	( ( (6.174 - 0.922)	+	(7.433 - 0.831) )	/ 2 )
	=	-4.448	/	( ( 5.252	+	6.602 )	/ 2 )
	=	-4.448	/	5.927
	=	-75.05 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Lake Victoria Gold (TSXV:LVG) 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.

Lake Victoria Gold ROCE % Related Terms

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Lake Victoria Gold (TSXV:LVG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lake Victoria Gold Ltd (TSXV:LVG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

LVGLF:USA E1K:Germany

Address

1090 West Georgia Street, Suite 1305, Vancouver, BC, CAN, V6E 3V7

Website

https://www.tembogold.com

Lake Victoria Gold Ltd is a junior mineral exploration company. It is engaged in the acquisition and exploration of mineral properties located in Tanzania. The company focuses on gold exploration and development. Its project includes the Tembo Gold Project located in northwest Tanzania. The Company operates in one reportable segment, the exploration and development of unproven exploration and evaluation assets.

Executives

Simon Charles Benstead	10% Security Holder, Director, Senior Officer
Marc Cernovitch	Director

Lake Victoria Gold (TSXV:LVG) Headlines

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