Gold Hunter Resources (XCNQ:HUNT) ROCE % : -22.48% (As of Feb. 2024)

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What is Gold Hunter Resources 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. Gold Hunter Resources's annualized ROCE % for the quarter that ended in Feb. 2024 was -22.48%.

Gold Hunter Resources ROCE % Historical Data

The historical data trend for Gold Hunter Resources'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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Gold Hunter Resources ROCE % Chart

Gold Hunter Resources Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

ROCE %

-50.23

-35.40

-20.96

-20.15

Gold Hunter Resources Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial												-14.05	-15.23	-32.84	-28.29	-22.48

Gold Hunter Resources ROCE % Calculation

Gold Hunter Resources'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 )
	=	-0.541	/	( ( (3.212 - 0.066)	+	(2.683 - 0.459) )	/ 2 )
	=	-0.541	/	( (3.146	+	2.224)	/ 2 )
	=	-0.541	/	2.685
	=	-20.15 %

Gold Hunter Resources'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 )
	=	-0.764	/	( ( (2.76 - 0.064)	+	(4.34 - 0.239) )	/ 2 )
	=	-0.764	/	( ( 2.696	+	4.101 )	/ 2 )
	=	-0.764	/	3.3985
	=	-22.48 %

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

Gold Hunter Resources (XCNQ:HUNT) 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.

Gold Hunter Resources ROCE % Related Terms

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Gold Hunter Resources (XCNQ:HUNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Hunter Resources Inc (XCNQ:HUNT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

75 – 8050 204th Street, Langley, BC, CAN, V2Y 0X1

Website

https://www.goldhunterresources.com

Gold Hunter Resources Inc is engaged in the business of acquiring and exploring mineral resource properties. The company focuses on the Cameron Lake East Project located in the Kenora Mining Division of northwestern Ontario, 75 km southeast of the town of Kenora.

Executives

Blair Lawrence Naughty

10% Security Holder

Gold Hunter Resources (XCNQ:HUNT) Headlines

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