Kalo Gold (TSXV:KALO) ROCE % : -1,303.23% (As of Feb. 2024)

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What is Kalo 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. Kalo Gold's annualized ROCE % for the quarter that ended in Feb. 2024 was -1,303.23%.

Kalo Gold ROCE % Historical Data

The historical data trend for Kalo 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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Kalo Gold ROCE % Chart

Kalo Gold Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

ROCE %

-2,465.13

-2,634.95

-2,633.88

Kalo Gold Quarterly Data
	Dec19	Aug20	Dec20	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial										-734.25	-325.06	-472.56	-405.37	-1,303.23

Kalo Gold ROCE % Calculation

Kalo Gold's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-3.187	/	( ( (0.455 - 0.75)	+	(1.189 - 0.652) )	/ 2 )
	=	-3.187	/	( (-0.295	+	0.537)	/ 2 )
	=	-3.187	/	0.121
	=	-2,633.88 %

Kalo Gold's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-2.02	/	( ( (1.036 - 0.679)	+	(0.832 - 0.879) )	/ 2 )
	=	-2.02	/	( ( 0.357	+	-0.047 )	/ 2 )
	=	-2.02	/	0.155
	=	-1,303.23 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2024) EBIT data.

Kalo Gold (TSXV:KALO) 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.

Kalo Gold ROCE % Related Terms

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Kalo Gold (TSXV:KALO) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

KLGDF:USA 0SX0:Germany

Address

1030 West Georgia Street, Suite 1507, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.kalogoldcorp.com

Kalo Gold Corp is a mineral exploration company focused on the Vatu Aurum gold project on Fiji's north island, Vanua Levu. Geographic revenue is recognized in Canada, Fiji, British Virgin Islands.

Executives

Kevin Ma

Director, Senior Officer

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