Jubilee Gold Exploration (Jubilee Gold Exploration) ROCE % : 31.43% (As of Dec. 2023)

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What is Jubilee Gold Exploration 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. Jubilee Gold Exploration's annualized ROCE % for the quarter that ended in Dec. 2023 was 31.43%.

Jubilee Gold Exploration ROCE % Historical Data

The historical data trend for Jubilee Gold Exploration'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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Jubilee Gold Exploration ROCE % Chart

Jubilee Gold Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-7.63

-4.21

-3.26

-3.75

4.64

Jubilee Gold Exploration 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															43.65	-5.57	-20.72	-22.32	31.43

Jubilee Gold Exploration ROCE % Calculation

Jubilee Gold Exploration'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 )
	=	0.203	/	( ( (4.492 - 0.258)	+	(4.695 - 0.182) )	/ 2 )
	=	0.203	/	( (4.234	+	4.513)	/ 2 )
	=	0.203	/	4.3735
	=	4.64 %

Jubilee Gold Exploration'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 )
	=	1.36	/	( ( (4.391 - 0.251)	+	(4.695 - 0.182) )	/ 2 )
	=	1.36	/	( ( 4.14	+	4.513 )	/ 2 )
	=	1.36	/	4.3265
	=	31.43 %

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

Jubilee Gold Exploration (OTCPK:JBULF) 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.

Jubilee Gold Exploration ROCE % Related Terms

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Jubilee Gold Exploration (Jubilee Gold Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jubilee Gold Exploration Ltd (OTCPK:JBULF) » Definitions » ROCE %

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Traded in Other Exchanges

JUB:Canada

Address

696 Warden Avenue, Toronto, ON, CAN, M1L 4W4

Website

Jubilee Gold Exploration Ltd is a Canadian-based mineral exploration company. The company is engaged in the business of exploring resource properties in Canada. It primarily explores gold deposits. Its properties include Brenbar Gold Property, Casummit Lake Property, McGarry Royalty, Birney Lake Property, and Others.

Jubilee Gold Exploration (Jubilee Gold Exploration) Headlines

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