Fortitude Gold (Fortitude Gold) ROCE % : 2.12% (As of Dec. 2023)

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What is Fortitude 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. Fortitude Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.12%.

Fortitude Gold ROCE % Historical Data

The historical data trend for Fortitude 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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Fortitude Gold ROCE % Chart

Fortitude Gold Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-4.08

12.31

21.60

15.09

15.29

Fortitude Gold Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial												16.10	24.58	13.02	21.04	2.12

Fortitude Gold ROCE % Calculation

Fortitude 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 )
	=	19.011	/	( ( (131.156 - 9.534)	+	(134.999 - 7.954) )	/ 2 )
	=	19.011	/	( (121.622	+	127.045)	/ 2 )
	=	19.011	/	124.3335
	=	15.29 %

Fortitude 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 )
	=	2.704	/	( ( (135.666 - 7.365)	+	(134.999 - 7.954) )	/ 2 )
	=	2.704	/	( ( 128.301	+	127.045 )	/ 2 )
	=	2.704	/	127.673
	=	2.12 %

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

Fortitude Gold (OTCPK:FTCO) 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.

Fortitude Gold ROCE % Related Terms

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Fortitude Gold (Fortitude Gold) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

2886 Carriage Manor Point, Colorado Springs, CO, USA, 80906

Website

https://www.fortitudegold.com

Fortitude Gold Corp is a mineral exploration and evaluation company. It primarily explores gold and silver. It is focused on developing the Isabella Pearl project, Golden Mile property, East Camp Douglas property, Mina Gold property, and County Line property.