Artemis Gold (TSXV:ARTG) ROCE % : -1.63% (As of Dec. 2023)

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What is Artemis 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. Artemis Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.63%.

Artemis Gold ROCE % Historical Data

The historical data trend for Artemis 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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Artemis Gold ROCE % Chart

Artemis Gold Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

14.67

-2.93

-3.56

-3.93

-1.34

Artemis Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-1.34	-1.13	-1.86	-1.32	-1.63

Artemis Gold ROCE % Calculation

Artemis 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 )
	=	-11.335	/	( ( (656.751 - 25.289)	+	(1120.774 - 57.045) )	/ 2 )
	=	-11.335	/	( (631.462	+	1063.729)	/ 2 )
	=	-11.335	/	847.5955
	=	-1.34 %

Artemis 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 )
	=	-15.512	/	( ( (882.852 - 44.056)	+	(1120.774 - 57.045) )	/ 2 )
	=	-15.512	/	( ( 838.796	+	1063.729 )	/ 2 )
	=	-15.512	/	951.2625
	=	-1.63 %

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

Artemis Gold (TSXV:ARTG) 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.

Artemis Gold ROCE % Related Terms

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Artemis Gold (TSXV:ARTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Artemis Gold Inc (TSXV:ARTG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ARGTF:USA

Address

595 Burrard Street, Three Bentall Centre, Suite 3083, P.O. Box 49298, Vancouver, BC, CAN, V7X 1L3

Website

https://www.artemisgoldinc.com

Artemis Gold Inc is a Canadian-based company. It is a growth-oriented gold development company. The company holds interests in the GK project and Blackwater Gold Project located in British Columbia. It has one segment being the exploration and development of mineral properties.

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