Ora Gold (ASX:OAU) ROCE % : -108.96% (As of Mar. 2023)

View and export this data going back to 2001. Start your Free Trial

What is Ora 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. Ora Gold's annualized ROCE % for the quarter that ended in Mar. 2023 was -108.96%.

Ora Gold ROCE % Historical Data

The historical data trend for Ora 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.

Ora Gold ROCE % Chart

Ora Gold Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

Get a 7-Day Free Trial

-336.10

-325.81

-265.06

-206,500.00

-80.82

Ora Gold Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															-701.33	-972.38	-1,460.14	-108.96	-65.04

Ora Gold ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-2.025	/	( ( (0.244 - 0.31)	+	(7.111 - 2.034) )	/ 2 )
	=	-2.025	/	( (-0.066	+	5.077)	/ 2 )
	=	-2.025	/	2.5055
	=	-80.82 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	-1.49	/	( ( (0.244 - 0.31)	+	(3.366 - 0.565) )	/ 2 )
	=	-1.49	/	( ( -0.066	+	2.801 )	/ 2 )
	=	-1.49	/	1.3675
	=	-108.96 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2023) EBIT data.

Ora Gold (ASX:OAU) 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.

Ora Gold ROCE % Related Terms

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

Ora Gold (ASX:OAU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ora Gold Ltd (ASX:OAU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TJ3:Germany

Address

5 Ord Street, Level 2, Suite 8, West Perth, WA, AUS, 6005

Website

https://www.ora.gold

Ora Gold Ltd is engaged in the mineral exploration industry in Australia. The company projects include Garden Gully; Red Bore and Keller Creek in Western Australia. The Garden Gully Gold Project represents an excellent opportunity for the discovery of a new gold camp in a region that has an established track record of hosting such occurrences.

Ora Gold (ASX:OAU) Headlines

No Headlines