Plato Gold (Plato Gold) ROCE % : -13.95% (As of Sep. 2023)

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What is Plato 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. Plato Gold's annualized ROCE % for the quarter that ended in Sep. 2023 was -13.95%.

Plato Gold ROCE % Historical Data

The historical data trend for Plato 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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Plato Gold ROCE % Chart

Plato Gold Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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85.90

-23.60

-16.01

-24.93

-14.17

Plato Gold Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-7.51	-6.82	-11.42	-14.74	-13.95

Plato Gold ROCE % Calculation

Plato Gold's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-0.171	/	( ( (1.788 - 0.572)	+	(1.82 - 0.622) )	/ 2 )
	=	-0.171	/	( (1.216	+	1.198)	/ 2 )
	=	-0.171	/	1.207
	=	-14.17 %

Plato Gold's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-0.156	/	( ( (1.828 - 0.679)	+	(1.794 - 0.707) )	/ 2 )
	=	-0.156	/	( ( 1.149	+	1.087 )	/ 2 )
	=	-0.156	/	1.118
	=	-13.95 %

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

Plato Gold (OTCPK:NIOVF) 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.

Plato Gold ROCE % Related Terms

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Plato Gold (Plato Gold) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Plato Gold Corp (OTCPK:NIOVF) » Definitions » ROCE %

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PGC:Canada

Address

1240 Bay Street, Suite 800, Toronto, ON, CAN, M5R 2A7

Website

https://www.platogold.com

Plato Gold Corp is a Canada-based gold and rare minerals exploration company. It is engaged in exploring precious and strategic metals properties. The company has four projects namely, the Good Hope Niobium project, Pic River Platinum Group Metals (PGM) project, the Timmins Gold project, and the Lolita project.