O2Gold (STU:6210) ROCE % : 0.00% (As of Dec. 2023)

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What is O2Gold 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. O2Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

O2Gold ROCE % Historical Data

The historical data trend for O2Gold'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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O2Gold ROCE % Chart

O2Gold Annual Data

Trend

Sep14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-388.83

-500.84

O2Gold 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															-150.32	-343.56	-1,522.58	-	-

O2Gold ROCE % Calculation

O2Gold'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 )
	=	-0.238	/	( ( (0.267 - 0.149)	+	(0.1 - 0.232) )	/ 2 )
	=	-0.238	/	( (0.118	+	-0.132)	/ 2 )
	=	-0.238	/	-0.007
	=	3,400.00 %

O2Gold'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 )
	=	-0.216	/	( ( (0.152 - 0.224)	+	(0.1 - 0.232) )	/ 2 )
	=	-0.216	/	( ( -0.072	+	-0.132 )	/ 2 )
	=	-0.216	/	-0.102
	=	0 %

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

O2Gold (STU:6210) 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.

O2Gold ROCE % Related Terms

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O2Gold (STU:6210) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » O2Gold Inc (STU:6210) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

OTGO.H:Canada

Address

198 Davenport Road, Toronto, ON, CAN, M5R 1J2

Website

https://otugold.com

O2Gold Inc is engaged in the evaluation, acquisition and exploration of mineral properties in Colombia. The company's gold mining project includes Otu Centro.

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