Sassy Gold (XCNQ:SASY) ROCE % : -8.96% (As of Sep. 2023)

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What is Sassy 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. Sassy Gold's annualized ROCE % for the quarter that ended in Sep. 2023 was -8.96%.

Sassy Gold ROCE % Historical Data

The historical data trend for Sassy 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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Sassy Gold ROCE % Chart

Sassy Gold Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

-53.01

-42.95

-15.30

-14.08

Sassy Gold Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial												-11.55	-9.79	-13.86	-15.04	-8.96

Sassy Gold ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-3.496	/	( ( (25.148 - 2.779)	+	(28.153 - 0.864) )	/ 2 )
	=	-3.496	/	( (22.369	+	27.289)	/ 2 )
	=	-3.496	/	24.829
	=	-14.08 %

Sassy 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: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-2.432	/	( ( (28.153 - 0.864)	+	(27.722 - 0.706) )	/ 2 )
	=	-2.432	/	( ( 27.289	+	27.016 )	/ 2 )
	=	-2.432	/	27.1525
	=	-8.96 %

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

Sassy Gold (XCNQ:SASY) 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.

Sassy Gold ROCE % Related Terms

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Sassy Gold (XCNQ:SASY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sassy Gold Corp (XCNQ:SASY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SSYRF:USA T6E:Germany

Address

1681 Chestnut Street, Suite 400, Vancouver, BC, CAN, V6J 4M6

Website

https://www.sassyresources.ca

Sassy Gold Corp is an exploration stage resource company currently engaged in the identification, acquisition and exploration of precious metal resources in Canada. Company operates in one reportable operating segment being the acquisition, exploration and evaluation of mineral resources properties. It's geographic segment located in Canada.

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