Avidian Gold (TSXV:AVG) ROCE % : -170.92% (As of Dec. 2023)

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What is Avidian 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. Avidian Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -170.92%.

Avidian Gold ROCE % Historical Data

The historical data trend for Avidian 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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Avidian Gold ROCE % Chart

Avidian Gold Annual Data

Trend

Mar15

Mar16

Mar17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-138.32

-342.16

-179.38

-158.01

-108.99

Avidian Gold 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															-114.93	-185.24	-83.88	-15.44	-170.92

Avidian Gold ROCE % Calculation

Avidian Gold'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 )
	=	-1.751	/	( ( (2.51 - 0.184)	+	(1.713 - 0.826) )	/ 2 )
	=	-1.751	/	( (2.326	+	0.887)	/ 2 )
	=	-1.751	/	1.6065
	=	-108.99 %

Avidian 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 )
	=	-1.252	/	( ( (1.635 - 0.76)	+	(1.56 - 0.97) )	/ 2 )
	=	-1.252	/	( ( 0.875	+	0.59 )	/ 2 )
	=	-1.252	/	0.7325
	=	-170.92 %

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

Avidian Gold (TSXV:AVG) 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.

Avidian Gold ROCE % Related Terms

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Avidian Gold (TSXV:AVG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Avidian Gold Corp (TSXV:AVG) » Definitions » ROCE %

Comparable Companies

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AVGDF:USA

Address

110 Yonge Street, Suite 1601, Toronto, ON, CAN, M5C 1T4

Website

https://www.avidiangold.com

Avidian Gold Corp is a Canada-based mineral exploration company. Principally, it is engaged in the business of acquiring and exploring gold projects. The company holds right to explore several properties comprising of Golden Zone, Labrador West, Amanita and Jungo.

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