Independence Gold (TSXV:IGO) ROCE % : -71.31% (As of Dec. 2023)

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What is Independence 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. Independence Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -71.31%.

Independence Gold ROCE % Historical Data

The historical data trend for Independence 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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Independence Gold ROCE % Chart

Independence Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-11.92

-8.64

-85.96

-34.85

-53.75

Independence 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															-10.68	-79.53	-79.85	-38.52	-71.31

Independence Gold ROCE % Calculation

Independence 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 )
	=	-3.774	/	( ( (6.459 - 0.329)	+	(8.47 - 0.556) )	/ 2 )
	=	-3.774	/	( (6.13	+	7.914)	/ 2 )
	=	-3.774	/	7.022
	=	-53.75 %

Independence 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 )
	=	-4.78	/	( ( (5.823 - 0.331)	+	(8.47 - 0.556) )	/ 2 )
	=	-4.78	/	( ( 5.492	+	7.914 )	/ 2 )
	=	-4.78	/	6.703
	=	-71.31 %

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

Independence Gold (TSXV:IGO) 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.

Independence Gold ROCE % Related Terms

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Independence Gold (TSXV:IGO) Business Description

Industry

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

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IEGCF:USA

Address

625 Howe Street, Suite 580, Vancouver, BC, CAN, V6C 2T6

Website

http://www.ingold.ca

Independence Gold Corp is a mineral exploration company. Its holdings range from early-stage grassroots exploration to advanced-stage resource expansion in British Columbia and Yukon. Its BC properties include 3Ts Project; Merit Property; Nicoamen Property; Anita Property; and Yukon properties include Boulevard Project; Moosehorn Project. It has one segment which is the acquisition, exploration, and evaluation of mineral properties in North America.

Executives

Harry Chan

Senior Officer

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