Sixty North Gold Mining (XCNQ:SXTY) ROCE % : -4.57% (As of Jan. 2024)

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What is Sixty North Gold Mining 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. Sixty North Gold Mining's annualized ROCE % for the quarter that ended in Jan. 2024 was -4.57%.

Sixty North Gold Mining ROCE % Historical Data

The historical data trend for Sixty North Gold Mining'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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Sixty North Gold Mining ROCE % Chart

Sixty North Gold Mining Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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-20.96

-19.33

-14.23

-9.19

-14.67

Sixty North Gold Mining Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-5.62	-13.12	-5.89	-33.08	-4.57

Sixty North Gold Mining ROCE % Calculation

Sixty North Gold Mining's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-1.175	/	( ( (8.716 - 0.531)	+	(8.225 - 0.392) )	/ 2 )
	=	-1.175	/	( (8.185	+	7.833)	/ 2 )
	=	-1.175	/	8.009
	=	-14.67 %

Sixty North Gold Mining's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-0.356	/	( ( (8.225 - 0.392)	+	(8.188 - 0.444) )	/ 2 )
	=	-0.356	/	( ( 7.833	+	7.744 )	/ 2 )
	=	-0.356	/	7.7885
	=	-4.57 %

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

Sixty North Gold Mining (XCNQ:SXTY) 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.

Sixty North Gold Mining ROCE % Related Terms

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Sixty North Gold Mining (XCNQ:SXTY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sixty North Gold Mining Ltd (XCNQ:SXTY) » Definitions » ROCE %

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Traded in Other Exchanges

SXNTF:USA 2F40:Germany

Address

1909 - 108 West Cordova Street, Vancouver, BC, CAN, V6B 0G5

Website

https://www.sixtynorthgold.com

Sixty North Gold Mining Ltd is engaged in the acquisition and exploration of mineral property assets. The company entered into a mineral property earn-in agreement with New Discovery Mines. The projects of the company include Mon Gold Property and Hangstone Property.

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