LFNT Resources (XCNQ:LFNT) ROCE % : -9.66% (As of Jan. 2024)

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What is LFNT 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. LFNT Resources's annualized ROCE % for the quarter that ended in Jan. 2024 was -9.66%.

LFNT Resources ROCE % Historical Data

The historical data trend for LFNT 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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LFNT Resources ROCE % Chart

LFNT Resources Annual Data

Trend

Oct22

Oct23

ROCE %

-37.53

LFNT Resources Quarterly Data
	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	-59.14	-59.16	-20.32	-80.49	-9.66

LFNT Resources ROCE % Calculation

LFNT Resources's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-0.325	/	( ( (0.573 - 0.014)	+	(1.246 - 0.073) )	/ 2 )
	=	-0.325	/	( (0.559	+	1.173)	/ 2 )
	=	-0.325	/	0.866
	=	-37.53 %

LFNT Resources's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-0.112	/	( ( (1.246 - 0.073)	+	(1.164 - 0.019) )	/ 2 )
	=	-0.112	/	( ( 1.173	+	1.145 )	/ 2 )
	=	-0.112	/	1.159
	=	-9.66 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

LFNT Resources (XCNQ:LFNT) 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.

LFNT Resources ROCE % Related Terms

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LFNT Resources (XCNQ:LFNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » LFNT Resources Corp (XCNQ:LFNT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7

Website

LFNT Resources Corp y is currently engaged in the business of exploration of mineral properties in Canada. Its activities include the acquisition, exploration, and development of mineral exploration properties. It holds interest in Skyfire Property which consists of nearly 7 mining cell claims totaling approximately 1897 hectares of land in the Cariboo Mining Division, British Columbia, Canada.

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