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Great Pacific Gold (TSXV:GPAC) ROCE % : -32.97% (As of Dec. 2023)


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What is Great Pacific 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. Great Pacific Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -32.97%.

Great Pacific Gold ROCE % Historical Data

The historical data trend for Great Pacific 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.

Great Pacific Gold ROCE % Chart

Great Pacific Gold Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
- -52.51 -45.03 -30.90 -23.88

Great Pacific Gold Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -21.04 -21.32 -24.87 -19.68 -32.97

Great Pacific Gold ROCE % Calculation

Great Pacific 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 )
=-4.408/( ( (16.851 - 0.235) + (20.768 - 0.47) )/ 2 )
=-4.408/( (16.616+20.298)/ 2 )
=-4.408/18.457
=-23.88 %

Great Pacific 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 )
=-6.848/( ( (21.545 - 0.302) + (20.768 - 0.47) )/ 2 )
=-6.848/( ( 21.243 + 20.298 )/ 2 )
=-6.848/20.7705
=-32.97 %

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

* 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.

Great Pacific Gold  (TSXV:GPAC) 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.

Great Pacific Gold ROCE % Related Terms

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Great Pacific Gold (TSXV:GPAC) Business Description

Industry
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Traded in Other Exchanges
FSXLF:USA V3H:Germany
Address
1090 West Georgia Street, Suite 488, Vancouver, BC, CAN, V6E 3V7
Website
https://fostervillesouth.com
Fosterville South Exploration Ltd is engaged in the acquisition, exploration and development of mineral properties in Australia. The company owns an interest in the Central Victoria Properties, which are exploration stage properties comprised of the Lauriston Gold Project, the Golden Mountain Project, the Providence Project and other exploration license applications filed with the state of Victoria in the south east area of Australia. The Company operates in one reportable operating segment, being the acquisition, exploration, and evaluation of resource properties in Victoria, Australia.