Golden Metal Resources (LSE:GMET) ROCE % : -12.88% (As of Dec. 2023)

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What is Golden Metal Resources 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. Golden Metal Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -12.88%.

Golden Metal Resources ROCE % Historical Data

The historical data trend for Golden Metal Resources'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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Golden Metal Resources ROCE % Chart

Golden Metal Resources Annual Data

Trend

Jun22

Jun23

ROCE %

-10.27

Golden Metal Resources Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23
ROCE %	-	-2.34	-18.52	-12.88

Golden Metal Resources ROCE % Calculation

Golden Metal Resources's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-0.672	/	( ( (6.049 - 0.122)	+	(7.487 - 0.328) )	/ 2 )
	=	-0.672	/	( (5.927	+	7.159)	/ 2 )
	=	-0.672	/	6.543
	=	-10.27 %

Golden Metal Resources'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-0.902	/	( ( (7.487 - 0.328)	+	(7.033 - 0.189) )	/ 2 )
	=	-0.902	/	( ( 7.159	+	6.844 )	/ 2 )
	=	-0.902	/	7.0015
	=	-12.88 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Golden Metal Resources (LSE:GMET) 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.

Golden Metal Resources ROCE % Related Terms

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Golden Metal Resources (LSE:GMET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Metal Resources PLC (LSE:GMET) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GMTLF:USA

Address

201 Temple Chambers, 3-7 Temple Avenue, London, GBR, EC4Y 0DT

Website

https://www.goldenmetalresources.com

Golden Metal Resources PLC is a London-based precious and strategic metals exploration company which controls interests in four prospective projects in mining friendly Nevada. The company's primary project portfolio comprise Pilot Mountain Project, Golconda Summit Project, Kibby Basin Project, Garfield Project, and Stonewall Project.

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