FireFox Gold (FireFox Gold) ROCE % : -102.97% (As of Dec. 2023)

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What is FireFox 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. FireFox Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -102.97%.

FireFox Gold ROCE % Historical Data

The historical data trend for FireFox 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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FireFox Gold ROCE % Chart

FireFox Gold Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-190.08

-141.00

-205.58

-170.81

-153.79

FireFox 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															-170.49	-166.22	-235.88	-326.41	-102.97

FireFox Gold ROCE % Calculation

FireFox 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 )
	=	-2.336	/	( ( (1.639 - 0.194)	+	(1.914 - 0.321) )	/ 2 )
	=	-2.336	/	( (1.445	+	1.593)	/ 2 )
	=	-2.336	/	1.519
	=	-153.79 %

FireFox 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 )
	=	-1.128	/	( ( (1.309 - 0.711)	+	(1.914 - 0.321) )	/ 2 )
	=	-1.128	/	( ( 0.598	+	1.593 )	/ 2 )
	=	-1.128	/	1.0955
	=	-102.97 %

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

FireFox Gold (OTCPK:FFOXF) 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.

FireFox Gold ROCE % Related Terms

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FireFox Gold (FireFox Gold) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

FIY:Germany FFOX:Canada

Address

1021 West Hastings Street, Suite 650, Vancouver, BC, CAN, V6C 0C3

Website

https://www.firefoxgold.com

FireFox Gold Corp is a gold discovery company. The Company is engaged in the exploration and development of gold properties in Finland. Its large portfolio of strategically located gold projects includes Jeesio, Mustajarvi, and Sarvi, all based in the Central Lapland Greenstone Belt of northern Finland. The operations of the company are conducted in two reportable segments Mineral Exploration in Finland and Corporate Operations in Canada.