Letho Resources (TSXV:LET.H) ROCE % : 0.00% (As of Jun. 2024)

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What is Letho 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. Letho Resources's annualized ROCE % for the quarter that ended in Jun. 2024 was 0.00%.

Letho Resources ROCE % Historical Data

The historical data trend for Letho 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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Letho Resources ROCE % Chart

Letho Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-93.74

-78.60

-87.97

54.55

Letho Resources Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															592.96	-157.89	40.00	-37.60	-

Letho Resources ROCE % Calculation

Letho 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 )
	=	0.141	/	( ( (0.554 - 0.21)	+	(0.411 - 0.238) )	/ 2 )
	=	0.141	/	( (0.344	+	0.173)	/ 2 )
	=	0.141	/	0.2585
	=	54.55 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-0.104	/	( ( (0.438 - 0.228)	+	(0.458 - 1.872) )	/ 2 )
	=	-0.104	/	( ( 0.21	+	-1.414 )	/ 2 )
	=	-0.104	/	-0.602
	=	0 %

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

Letho Resources (TSXV:LET.H) 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.

Letho Resources ROCE % Related Terms

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Letho Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Letho Resources Corp (TSXV:LET.H) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

No. 300-1455 Bellevue Avenue, Vancouver, BC, CAN, V7T 1C3

Website

https://www.lethoresources.weebly.com

Letho Resources Corp is an oil and gas exploration company that engages in the acquisition, exploration, and development of oil and gas properties. It holds mineral interests in the Porcupine Division at Whitney Ontario. It has one operating segment which is the acquisition and exploration of oil and gas properties.

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