1911 Gold (1911 Gold) ROCE % : 27.47% (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is 1911 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. 1911 Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was 27.47%.

1911 Gold ROCE % Historical Data

The historical data trend for 1911 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.

1911 Gold ROCE % Chart

1911 Gold Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-18.21

-16.23

-25.87

-30.08

-6.30

1911 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															4.29	-12.18	-21.25	-22.31	27.47

1911 Gold ROCE % Calculation

1911 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 )
	=	-1.492	/	( ( (25.148 - 2.59)	+	(26.508 - 1.729) )	/ 2 )
	=	-1.492	/	( (22.558	+	24.779)	/ 2 )
	=	-1.492	/	23.6685
	=	-6.30 %

1911 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 )
	=	6.4	/	( ( (24.274 - 2.455)	+	(26.508 - 1.729) )	/ 2 )
	=	6.4	/	( ( 21.819	+	24.779 )	/ 2 )
	=	6.4	/	23.299
	=	27.47 %

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

1911 Gold (OTCPK:AUMBF) 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.

1911 Gold ROCE % Related Terms

Thank you for viewing the detailed overview of 1911 Gold's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

1911 Gold (1911 Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » 1911 Gold Corp (OTCPK:AUMBF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AUMB:Canada

Address

400 Burrard Street, Suite 1050, Vancouver, BC, CAN, V6C 3A6

Website

https://www.1911gold.com

1911 Gold Corp is a junior explorer that holds a highly prospective, consolidated land package totalling 55,500 hectares within and adjacent to the Archean Rice Lake greenstone belt in Manitoba, and also owns the True North mine and mill complex at Bissett, Manitoba, where it is reprocessing historic tailings on a seasonal basis. 1911 Gold believes its land package is a prime exploration opportunity, with the potential to develop a mining district centred on the True North complex. The company also owns the Tully and DentonKeefer projects near Timmins, Ontario, and intends to focus on both organic growth opportunities and accretive acquisition opportunities in North America.

1911 Gold (1911 Gold) Headlines

From GuruFocus

1911 Gold Corp at 121 Mining Investment New York Conference Transcript

By GuruFocus Research • 02-12-2024

1911 Gold Corp at Cambridge House International Vancouver Resource Investment Conference Transcript

By GuruFocus Research • 02-12-2024