General Copper Gold (XCNQ:GGLD) ROCE % : -13.22% (As of Feb. 2024)

View and export this data going back to 2021. Start your Free Trial

What is General Copper Gold 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. General Copper Gold's annualized ROCE % for the quarter that ended in Feb. 2024 was -13.22%.

General Copper Gold ROCE % Historical Data

The historical data trend for General Copper Gold'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.

* Premium members only.

General Copper Gold ROCE % Chart

General Copper Gold Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

ROCE %

-182.02

-19.53

-14.84

General Copper Gold Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial													-13.99	-11.86	-16.92	-11.22	-13.22

General Copper Gold ROCE % Calculation

General Copper Gold's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-0.319	/	( ( (2.52 - 0.161)	+	(2.127 - 0.187) )	/ 2 )
	=	-0.319	/	( (2.359	+	1.94)	/ 2 )
	=	-0.319	/	2.1495
	=	-14.84 %

General Copper Gold's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-0.276	/	( ( (2.36 - 0.237)	+	(2.329 - 0.275) )	/ 2 )
	=	-0.276	/	( ( 2.123	+	2.054 )	/ 2 )
	=	-0.276	/	2.0885
	=	-13.22 %

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

General Copper Gold (XCNQ:GGLD) 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.

General Copper Gold ROCE % Related Terms

Thank you for viewing the detailed overview of General Copper Gold's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

General Copper Gold (XCNQ:GGLD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » General Copper Gold Corp (XCNQ:GGLD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GNRGF:USA

Address

1558 West Hastings Street, Vancouver, BC, CAN, V6G3J4

Website

https://www.generalgold.ca

General Copper Gold Corp is an independent mineral exploration company. It is engaged in the business of exploring and evaluating mineral properties. The company is exploring 770 hectares of Clark's Brook gold property in central Newfoundland as well as the 2,313 hectares of Topley Richfield copper-gold property in British Columbia.

General Copper Gold (XCNQ:GGLD) Headlines

No Headlines