Sitka Gold (TSXV:SIG) ROCE % : -7.40% (As of Dec. 2023)

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What is Sitka 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. Sitka Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -7.40%.

Sitka Gold ROCE % Historical Data

The historical data trend for Sitka 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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Sitka Gold ROCE % Chart

Sitka Gold Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-42.64

-38.90

-18.92

-7.08

-5.39

Sitka 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															-6.45	-7.54	-3.69	-3.97	-7.40

Sitka Gold ROCE % Calculation

Sitka 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 )
	=	-1.306	/	( ( (20.828 - 1.169)	+	(30.729 - 1.953) )	/ 2 )
	=	-1.306	/	( (19.659	+	28.776)	/ 2 )
	=	-1.306	/	24.2175
	=	-5.39 %

Sitka 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 )
	=	-1.984	/	( ( (25.243 - 0.379)	+	(30.729 - 1.953) )	/ 2 )
	=	-1.984	/	( ( 24.864	+	28.776 )	/ 2 )
	=	-1.984	/	26.82
	=	-7.40 %

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

Sitka Gold (TSXV:SIG) 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.

Sitka Gold ROCE % Related Terms

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Sitka Gold (TSXV:SIG) Business Description

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

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SITKF:USA 1RF:Germany

Address

409 Granville Street, Suite 1500, Vancouver, BC, CAN, V6C 1T2

Website

https://www.sitkagoldcorp.com

Sitka Gold Corp is engaged in the exploration of mineral resources in Nunavut Canada, Nevada USA and Arizona USA, and Yukon Canada. The company's projects include RC Gold and OGI in Yukon, Burro Creek Gold in Arizona, Alpha Gold in Nevada, and Coppermine River in Nunavut.