GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Onyx Gold corp (TSXV:ONYX) » Definitions » ROCE %

Onyx Gold (TSXV:ONYX) ROCE % : -8.58% (As of Sep. 2023)


View and export this data going back to 2023. Start your Free Trial

What is Onyx 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. Onyx Gold's annualized ROCE % for the quarter that ended in Sep. 2023 was -8.58%.

Onyx Gold ROCE % Historical Data

The historical data trend for Onyx 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.

Onyx Gold ROCE % Chart

Onyx Gold Annual Data
Trend
ROCE %

Onyx Gold Semi-Annual Data
Sep23
ROCE % -8.58

Onyx Gold ROCE % Calculation

Onyx Gold's annualized ROCE % for the fiscal year that ended in . 20 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: . 20 )  (A: . 20 )(A: . 20 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: . 20 )  (A: . 20 )(A: . 20 )
=/( ( ( - ) + ( - ) )/ )
=/( (+)/ )
=/
= %

Onyx Gold's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Sep. 2023 )  (Q: . 20 )(Q: Sep. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2023 )  (Q: . 20 )(Q: Sep. 2023 )
=/( ( ( - ) + ( - ) )/ )
=/( ( + )/ )
=/
= %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 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.

Onyx Gold  (TSXV:ONYX) 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.

Onyx Gold ROCE % Related Terms

Thank you for viewing the detailed overview of Onyx Gold's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Onyx Gold (TSXV:ONYX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Onyx Gold corp (TSXV:ONYX) » Definitions » ROCE %
Comparable Companies
TSXV:GXX TSXV:SIC TSXV:GFG TSXV:RDU XCNQ:HWG TSXV:JG TSXV:PUMA TSXV:FMAN TSXV:YGT XCNQ:BNN SHSE:601899 NEM TSX:ABX TSX:FNV TSX:AEM TSX:WPM MIC:PLZL ASX:NCM SHSE:600547 JSE:GFI
Traded in Other Exchanges
ONXGF:USA
Address
375 Water Street, Suite 405, Vancouver, BC, CAN, V6B 5C6
Website
https://www.onyxgold.com
Onyx Gold corp is an exploration company focused on Canadian mining jurisdictions, with assets in Timmins, Ontario, and Yukon Territory. The company's portfolio of gold projects in the greater Timmins gold camp includes the Munro-Croesus Gold property, for its mineralization, plus two additional earlier-stage large exploration properties, Golden Mile and Timmins South.
Executives
Brock Macaulay Colterjohn Director, Senior Officer
Nicole Raymonde Hoeller Senior Officer
Darwin Green Director, Senior Officer