GoviEx Uranium (TSXV:GXU) ROCE % : -20.22% (As of Sep. 2023)

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What is GoviEx Uranium 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. GoviEx Uranium's annualized ROCE % for the quarter that ended in Sep. 2023 was -20.22%.

GoviEx Uranium ROCE % Historical Data

The historical data trend for GoviEx Uranium'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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GoviEx Uranium ROCE % Chart

GoviEx Uranium Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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0.19

-9.87

-8.77

-17.45

-20.29

GoviEx Uranium 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															-17.24	-16.70	-17.42	-15.18	-20.22

GoviEx Uranium ROCE % Calculation

GoviEx Uranium'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 )
	=	-19.537	/	( ( (102.508 - 9.083)	+	(100.797 - 1.611) )	/ 2 )
	=	-19.537	/	( (93.425	+	99.186)	/ 2 )
	=	-19.537	/	96.3055
	=	-20.29 %

GoviEx Uranium'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 )
	=	-20.584	/	( ( (104.757 - 1.399)	+	(101.549 - 1.354) )	/ 2 )
	=	-20.584	/	( ( 103.358	+	100.195 )	/ 2 )
	=	-20.584	/	101.7765
	=	-20.22 %

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

GoviEx Uranium (TSXV:GXU) 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.

GoviEx Uranium ROCE % Related Terms

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GoviEx Uranium (TSXV:GXU) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » GoviEx Uranium Inc (TSXV:GXU) » Definitions » ROCE %

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GVXXF:USA 7GU:Germany

Address

999 Canada Place, Suite 606, Vancouver, BC, CAN, V6C 3E1

Website

http://www.goviex.com

GoviEx Uranium Inc is a Canada-based company involved in the industrial metals and mining business sector. It is focused on the evaluation and development of uranium properties located in the Republic of Niger. The asset portfolio of the company includes uranium development projects, including the Madaouela project in Niger, the Mutanga project in Zambia, and Falea in Mali. The Company has one business segment, exploring mineral properties, with its primary project in Niger.

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