Demesne Resources (XCNQ:DEME) ROCE % : -787.30% (As of Dec. 2023)

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What is Demesne Resources 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. Demesne Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -787.30%.

Demesne Resources ROCE % Historical Data

The historical data trend for Demesne Resources'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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Demesne Resources ROCE % Chart

Demesne Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-109.76

-164.29

-707.80

Demesne Resources Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial				-387.37	-164.71	-182.11	-697.08	-787.30

Demesne Resources ROCE % Calculation

Demesne Resources'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 )
	=	-0.499	/	( ( (0.182 - 0.107)	+	(0.133 - 0.067) )	/ 2 )
	=	-0.499	/	( (0.075	+	0.066)	/ 2 )
	=	-0.499	/	0.0705
	=	-707.80 %

Demesne Resources'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 )
	=	-0.744	/	( ( (0.219 - 0.096)	+	(0.133 - 0.067) )	/ 2 )
	=	-0.744	/	( ( 0.123	+	0.066 )	/ 2 )
	=	-0.744	/	0.0945
	=	-787.30 %

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

Demesne Resources (XCNQ:DEME) 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.

Demesne Resources ROCE % Related Terms

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Demesne Resources (XCNQ:DEME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Demesne Resources Ltd (XCNQ:DEME) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

335 - 1632 Dickson Avenue, Kelowna, BC, CAN, V1Y 7T2

Website

Demesne Resources Ltd is engaged in the acquisition, exploration, and evaluation of mineral property. The principal business is the acquisition and exploration of magnetite mineral properties, with a focus on mineral properties located in British Columbia. It holds an interest in Star Project. It has one reportable operating segment, being the acquisition and exploration of mineral properties in Canada.

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