Orogen Royalties (TSXV:OGN) ROCE % : 4.58% (As of Dec. 2023)

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What is Orogen Royalties 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. Orogen Royalties's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.58%.

Orogen Royalties ROCE % Historical Data

The historical data trend for Orogen Royalties'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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Orogen Royalties ROCE % Chart

Orogen Royalties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-25.39

-10.61

-2.28

2.05

5.34

Orogen Royalties 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															0.85	-0.82	1.64	8.29	4.58

Orogen Royalties ROCE % Calculation

Orogen Royalties'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 )
	=	3.047	/	( ( (53.109 - 0.649)	+	(62.594 - 0.878) )	/ 2 )
	=	3.047	/	( (52.46	+	61.716)	/ 2 )
	=	3.047	/	57.088
	=	5.34 %

Orogen Royalties'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 )
	=	2.788	/	( ( (60.598 - 0.669)	+	(62.594 - 0.878) )	/ 2 )
	=	2.788	/	( ( 59.929	+	61.716 )	/ 2 )
	=	2.788	/	60.8225
	=	4.58 %

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

Orogen Royalties (TSXV:OGN) 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.

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Orogen Royalties (TSXV:OGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Orogen Royalties Inc (TSXV:OGN) » Definitions » ROCE %

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OGNRF:USA

Address

1015-789 West Pender Street, Vancouver, BC, CAN, V6C 1H2

Website

https://www.orogenroyalties.com

Orogen Royalties Inc is a mineral exploration company. The company with a diverse portfolio of precious metal royalties and copper, gold, and silver exploration projects in Canada, United States, Mexico, Kenya, and Argentina. The company's royalty portfolio includes the Ermitano West gold deposit in Sonora, Mexico being developed by First Majestic Silver Corp and the Silicon gold project in Nevada, USA, being advanced by AngloGold Ashanti N.A. The company is well-financed with several projects actively being developed by joint venture partners.

Executives

André Gaumond

Director or Senior Officer of 10% Security Holder