U.S. Gold (LTS:0LHW) ROCE % : -26.61% (As of Jan. 2024)

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What is U.S. 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. U.S. Gold's annualized ROCE % for the quarter that ended in Jan. 2024 was -26.61%.

U.S. Gold ROCE % Historical Data

The historical data trend for U.S. 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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U.S. Gold ROCE % Chart

U.S. Gold Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

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-76.33

-67.23

-61.35

-52.40

-37.48

U.S. Gold Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-42.45	-38.17	-52.11	-34.57	-26.61

U.S. Gold ROCE % Calculation

U.S. Gold's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	-9.401	/	( ( (27.503 - 1.136)	+	(24.184 - 0.379) )	/ 2 )
	=	-9.401	/	( (26.367	+	23.805)	/ 2 )
	=	-9.401	/	25.086
	=	-37.48 %

U.S. Gold's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-5.1	/	( ( (20.249 - 0.488)	+	(18.862 - 0.289) )	/ 2 )
	=	-5.1	/	( ( 19.761	+	18.573 )	/ 2 )
	=	-5.1	/	19.167
	=	-26.61 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

U.S. Gold (LTS:0LHW) 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.

U.S. Gold ROCE % Related Terms

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U.S. Gold (LTS:0LHW) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » U.S. Gold Corp (LTS:0LHW) » Definitions » ROCE %

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USAU:USA DTUR:Germany DTUR:Germany

Address

1910 East Idaho Street, Suite 102-Box 604, Elko, NV, USA, 89801

Website

https://www.usgoldcorp.gold

U.S. Gold Corp is an exploration and development company that owns certain mining leases and other mineral rights comprising the CK Gold Project in Wyoming, the Keystone Project in Nevada, and the Challis Gold Project in Idaho.

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