First Mining Gold (First Mining Gold) ROCE % : -3.17% (As of Mar. 2024)

View and export this data going back to 2015. Start your Free Trial

What is First Mining 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. First Mining Gold's annualized ROCE % for the quarter that ended in Mar. 2024 was -3.17%.

First Mining Gold ROCE % Historical Data

The historical data trend for First Mining 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.

First Mining Gold ROCE % Chart

First Mining Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-2.41

-2.30

-3.46

-2.83

-2.66

First Mining Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-3.45	-3.40	-0.75	-3.02	-3.17

First Mining Gold ROCE % Calculation

First Mining 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 )
	=	-5.242	/	( ( (196.491 - 6.808)	+	(213.228 - 8.339) )	/ 2 )
	=	-5.242	/	( (189.683	+	204.889)	/ 2 )
	=	-5.242	/	197.286
	=	-2.66 %

First Mining Gold's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-6.308	/	( ( (213.228 - 8.339)	+	(200.597 - 7.703) )	/ 2 )
	=	-6.308	/	( ( 204.889	+	192.894 )	/ 2 )
	=	-6.308	/	198.8915
	=	-3.17 %

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

First Mining Gold (OTCPK:FFMGF) 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.

First Mining Gold ROCE % Related Terms

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

First Mining Gold (First Mining Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Mining Gold Corp (OTCPK:FFMGF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FMG:Germany FF:Canada

Address

1188 West Georgia Street, Suite 2070, Vancouver, BC, CAN, V6E 4A2

Website

http://www.firstmininggold.com

First Mining Gold Corp is engaged in the acquisition, exploration, development and selective disposition of its North American mineral properties. It is engaged in advancing a portfolio of gold projects in Canada, with the project being the Springpole Gold Project in northwestern Ontario. The company also holds an equity position in Treasury Metals which is advancing the Goliath Gold Complex toward construction. Its portfolio of gold projects in eastern Canada also includes Hope Brook, Cameron, Duparquet, Duquesne, and Pitt gold projects. In addition, the Company holds an interest in the PC Gold legal entity which holds the Pickle Crow gold project.