Lancaster resources (XCNQ:LCR) ROCE % : -315.32% (As of Dec. 2023)

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What is Lancaster 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. Lancaster resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -315.32%.

Lancaster resources ROCE % Historical Data

The historical data trend for Lancaster 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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Lancaster resources ROCE % Chart

Lancaster resources Annual Data

Trend

Nov19

Nov20

Nov21

ROCE %

-2,033.94

Lancaster resources Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial												-	-	-	-326.15	-315.32

Lancaster resources ROCE % Calculation

Lancaster resources's annualized ROCE % for the fiscal year that ended in Nov. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2021 )		(A: Nov. 2020 )		(A: Nov. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2021 )		(A: Nov. 2020 )		(A: Nov. 2021 )
	=	-6.651	/	( ( (0.21 - 0.296)	+	(1.339 - 0.599) )	/ 2 )
	=	-6.651	/	( (-0.086	+	0.74)	/ 2 )
	=	-6.651	/	0.327
	=	-2,033.94 %

Lancaster 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 )
	=	-1.564	/	( ( (0.669 - 0.214)	+	(0.82 - 0.283) )	/ 2 )
	=	-1.564	/	( ( 0.455	+	0.537 )	/ 2 )
	=	-1.564	/	0.496
	=	-315.32 %

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

Lancaster resources (XCNQ:LCR) 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.

Lancaster resources ROCE % Related Terms

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Lancaster resources (XCNQ:LCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lancaster resources Inc (XCNQ:LCR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

LANRF:USA 6UF0:Germany

Address

2569 Marine Drive, Vancouver, BC, CAN, V7V 1L5

Website

https://www.lancaster-resources.com

Lancaster resources Inc is engaged in exploring energy transition metals, particularly lithium, to take advantage of the global shift towards decarbonization and electrification. Its goal is to identify, acquire, explore, and develop high-quality mineral-rich properties, integrating sustainable energy sources and innovative technologies for climate-positive resource production. The Company holds exclusive rights to acquire a 100% interest in the Alkali Flat lithium brine project situated in Lordsburg, New Mexico, USA.

Lancaster resources (XCNQ:LCR) Headlines

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