EarthLabs (TSXV:SPOT) ROCE % : -45.17% (As of Sep. 2023)

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What is EarthLabs 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. EarthLabs's annualized ROCE % for the quarter that ended in Sep. 2023 was -45.17%.

EarthLabs ROCE % Historical Data

The historical data trend for EarthLabs'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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EarthLabs ROCE % Chart

EarthLabs Annual Data

Trend

May17

May18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-17.45

-112.16

85.85

5.33

-47.78

EarthLabs Quarterly Data
	Nov18	Feb19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-36.15	-98.04	16.80	-15.06	-45.17

EarthLabs ROCE % Calculation

EarthLabs'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 )
	=	-29.661	/	( ( (73.125 - 8.723)	+	(63.272 - 3.517) )	/ 2 )
	=	-29.661	/	( (64.402	+	59.755)	/ 2 )
	=	-29.661	/	62.0785
	=	-47.78 %

EarthLabs's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-26.404	/	( ( (62.693 - 1.884)	+	(58.718 - 2.608) )	/ 2 )
	=	-26.404	/	( ( 60.809	+	56.11 )	/ 2 )
	=	-26.404	/	58.4595
	=	-45.17 %

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

EarthLabs (TSXV:SPOT) 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.

EarthLabs ROCE % Related Terms

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EarthLabs (TSXV:SPOT) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » EarthLabs Inc (TSXV:SPOT) » Definitions » ROCE %

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SPOFF:USA

Address

69 Yonge Street, Suite 1010, Toronto, ON, CAN, M5E 1K3

Website

https://earthlabs.com

EarthLabs Inc is a mining investment and technology company. It offers a full suite of data and knowledge-driven SaaS tools and services. EarthLabs works with industry customers across all commodity and deposit types to identify new exploration targets, develop cutting-edge technologies, and strategically invest in mineral exploration companies. It operates in two reportable segments Exploration Technology Division which houses the Company's exploration SaaS and consulting services and field services divisions, and Financial Technology Division which houses the Company's financial technology (CEO.CA and DigiGeoData) and growing investment portfolio.

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