Golden Ridge Resources (TSXV:GLDN) ROCE % : -5.45% (As of Dec. 2023)

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What is Golden Ridge Resources 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. Golden Ridge Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.45%.

Golden Ridge Resources ROCE % Historical Data

The historical data trend for Golden Ridge Resources'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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Golden Ridge Resources ROCE % Chart

Golden Ridge Resources Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-10.46

-6.96

-9.77

-15.38

-5.63

Golden Ridge Resources 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															-4.42	-6.52	-5.93	-5.75	-5.45

Golden Ridge Resources ROCE % Calculation

Golden Ridge Resources'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 )
	=	-0.41	/	( ( (8.607 - 0.232)	+	(6.418 - 0.236) )	/ 2 )
	=	-0.41	/	( (8.375	+	6.182)	/ 2 )
	=	-0.41	/	7.2785
	=	-5.63 %

Golden Ridge Resources'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 )
	=	-0.34	/	( ( (6.472 - 0.138)	+	(6.267 - 0.125) )	/ 2 )
	=	-0.34	/	( ( 6.334	+	6.142 )	/ 2 )
	=	-0.34	/	6.238
	=	-5.45 %

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

Golden Ridge Resources (TSXV:GLDN) 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.

Golden Ridge Resources ROCE % Related Terms

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Golden Ridge Resources (TSXV:GLDN) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Ridge Resources Ltd (TSXV:GLDN) » Definitions » ROCE %

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GORIF:USA 44GG:Germany

Address

335 - 1632 Dickson Avenue, Landmark 3, Kelowna, BC, CAN, V1Y 7T2

Website

https://www.goldenridgeresources.com

Golden Ridge Resources Ltd is an exploration-stage company. It is engaged in the identification, evaluation, and acquisition of mineral properties. Its current properties include mineral properties located in British Columbia and the Yukon. Its projects are Hank Property, Newfoundland, Royalle Au-Ag Project, and North Canol. It has one reportable operating segment, being that of acquisition and exploration and evaluation activities in Canada.

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