i-80 Gold (TSX:IAU) ROCE % : -13.91% (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is i-80 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. i-80 Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -13.91%.

i-80 Gold ROCE % Historical Data

The historical data trend for i-80 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.

* Premium members only.

i-80 Gold ROCE % Chart

i-80 Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

15.67

-12.89

-7.31

i-80 Gold Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial										-42.29	-7.61	-8.20	1.74	-13.91

i-80 Gold ROCE % Calculation

i-80 Gold'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 )
	=	-60.121	/	( ( (872.101 - 116.354)	+	(970.907 - 81.636) )	/ 2 )
	=	-60.121	/	( (755.747	+	889.271)	/ 2 )
	=	-60.121	/	822.509
	=	-7.31 %

i-80 Gold'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 )
	=	-125.68	/	( ( (999.174 - 81.565)	+	(970.907 - 81.636) )	/ 2 )
	=	-125.68	/	( ( 917.609	+	889.271 )	/ 2 )
	=	-125.68	/	903.44
	=	-13.91 %

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

i-80 Gold (TSX:IAU) 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.

i-80 Gold ROCE % Related Terms

Thank you for viewing the detailed overview of i-80 Gold's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

i-80 Gold (TSX:IAU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » i-80 Gold Corp (TSX:IAU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

IAUX:USA 8JI:Germany

Address

1100 Russell Street, Thunder Bay, ON, CAN, P7B 5N2

Website

https://www.i80gold.com

i-80 Gold Corp is a well-financed gold producer and developer holding an impressive portfolio of advanced-stage gold projects in the State of Nevada. The company's primary goal is to build a self-sustaining, mid-tier, mining company with a peer-best growth platform by employing a methodical, capital disciplined and staged approach to minimize risk while also assessing and monitoring for accretive growth opportunities.

Executives

John Seaman

Director