Gold Springs Resource (TSX:GRC) ROCE % : -2.55% (As of Mar. 2024)

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What is Gold Springs Resource 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. Gold Springs Resource's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.55%.

Gold Springs Resource ROCE % Historical Data

The historical data trend for Gold Springs Resource'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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Gold Springs Resource ROCE % Chart

Gold Springs Resource Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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6.26

-3.41

-5.64

-4.52

-4.95

Gold Springs Resource Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															-4.42	-3.42	-1.70	-2.97	-2.55

Gold Springs Resource ROCE % Calculation

Gold Springs Resource's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-1.596	/	( ( (32.212 - 0.753)	+	(35.021 - 1.952) )	/ 2 )
	=	-1.596	/	( (31.459	+	33.069)	/ 2 )
	=	-1.596	/	32.264
	=	-4.95 %

Gold Springs Resource's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	-0.872	/	( ( (34.947 - 0.582)	+	(34.923 - 0.96) )	/ 2 )
	=	-0.872	/	( ( 34.365	+	33.963 )	/ 2 )
	=	-0.872	/	34.164
	=	-2.55 %

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

Gold Springs Resource (TSX:GRC) 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.

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Gold Springs Resource (TSX:GRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Springs Resource Corp (TSX:GRC) » Definitions » ROCE %

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GRCAF:USA SS7A:Germany

Address

1199 West Hastings Street, Suite 1100, Vancouver, BC, CAN, V6E 3T5

Website

https://www.goldspringsresource.com

Gold Springs Resource Corp is a growth-focused mineral exploration company advancing the district-scale Gold Springs gold project situated in mining-friendly Nevada and Utah. The Company's activities include the acquisition, exploration and development of mineral properties. Its operations are limited to a single industry segment, being mineral exploration and development.