Galiano Gold (Galiano Gold) ROCE %

: -10.90% (As of Dec. 2023)

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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. Galiano Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -10.90%.

Galiano Gold ROCE % Historical Data

The historical data trend for Galiano 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.

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Galiano Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-74.41

33.56

-40.98

25.97

13.44

Galiano Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																70.36	18.57	24.73	22.11	-10.90

Galiano Gold ROCE % Calculation

Galiano Gold'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 )
	=	26.102	/	( ( (179.894 - 1.474)	+	(213.302 - 3.277) )	/ 2 )
	=	26.102	/	( (178.42	+	210.025)	/ 2 )
	=	26.102	/	194.2225
	=	13.44 %

Galiano Gold'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 )
	=	-23.036	/	( ( (215.968 - 3.266)	+	(213.302 - 3.277) )	/ 2 )
	=	-23.036	/	( ( 212.702	+	210.025 )	/ 2 )
	=	-23.036	/	211.3635
	=	-10.90 %

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

Galiano Gold (AMEX:GAU) 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.

Galiano Gold ROCE % Related Terms

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Galiano Gold (Galiano Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Galiano Gold Inc (AMEX:GAU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

B7U:Germany GAU:Canada

Address

1066 West Hastings Street, Suite 1640, Vancouver, BC, CAN, V6E 3X1

Website

https://www.galianogold.com

Galiano Gold Inc is focused on building a sustainable business capable of long term value creation for its stakeholders through a combination of exploration, accretive acquisitions, and the disciplined deployment of its financial resources. The company currently operates and manages the Asanko Gold Mine, located in Ghana, West Africa. Its Asanko Gold Mine is a multi-deposit complex, with two main deposits, the Obotan Project and the Esaase Project, both located in the Amansie West District of the Republic of Ghana, West Africa.