Leviathan Gold (TSXV:LVX) ROCE % : -44.53% (As of Dec. 2023)

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What is Leviathan 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. Leviathan Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -44.53%.

Leviathan Gold ROCE % Historical Data

The historical data trend for Leviathan 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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Leviathan Gold ROCE % Chart

Leviathan Gold Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

ROCE %

-55.83

-48.52

-28.98

Leviathan Gold Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial									-36.57	-25.03	-33.24	-26.01	-44.53

Leviathan Gold ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-1.15	/	( ( (4.653 - 0.098)	+	(3.519 - 0.138) )	/ 2 )
	=	-1.15	/	( (4.555	+	3.381)	/ 2 )
	=	-1.15	/	3.968
	=	-28.98 %

Leviathan 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 )
	=	-1.324	/	( ( (3.18 - 0.07)	+	(2.994 - 0.157) )	/ 2 )
	=	-1.324	/	( ( 3.11	+	2.837 )	/ 2 )
	=	-1.324	/	2.9735
	=	-44.53 %

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

Leviathan Gold (TSXV:LVX) 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.

Leviathan Gold ROCE % Related Terms

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Leviathan Gold (TSXV:LVX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

LVXFF:USA 0GP0:Germany

Address

1090 West Georgia Street, Suite 488, Vancouver, BC, CAN, V6E 3V7

Website

https://www.leviathangold.com

Leviathan Gold Ltd is a gold exploration company. The company is focused on exploring for high grade gold deposits within the prolific Stawell and Bendigo Zones of central Victoria, Australia. The project portfolio includes Timor and Avoca.

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