Fremont Gold (FRA:FR20) ROCE % : -113.45% (As of Dec. 2023)

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What is Fremont 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. Fremont Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -113.45%.

Fremont Gold ROCE % Historical Data

The historical data trend for Fremont 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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Fremont Gold ROCE % Chart

Fremont Gold Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-69.63

-31.13

-92.62

-33.59

-22.66

Fremont Gold Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-20.16	-18.77	-23.96	-74.50	-113.45

Fremont Gold ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-0.41	/	( ( (1.925 - 0.255)	+	(2.248 - 0.3) )	/ 2 )
	=	-0.41	/	( (1.67	+	1.948)	/ 2 )
	=	-0.41	/	1.809
	=	-22.66 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-1.544	/	( ( (2.119 - 0.792)	+	(1.945 - 0.55) )	/ 2 )
	=	-1.544	/	( ( 1.327	+	1.395 )	/ 2 )
	=	-1.544	/	1.361
	=	-113.45 %

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

Fremont Gold (FRA:FR20) 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.

Fremont Gold ROCE % Related Terms

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Fremont Gold (FRA:FR20) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fremont Gold Ltd (FRA:FR20) » Definitions » ROCE %

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FRERF:USA FRE:Canada

Address

409 Granville Street, Suite 1500, Vancouver, BC, CAN, V6C 1T2

Website

https://www.fremontgold.net

Fremont Gold Ltd is a Canadian exploration company. It is engaged in the acquisition and exploration of mineral properties. Its project portfolio includes North Carlin, Cobb Creek, Griffon, Hurricane, and other properties. The company has a presence in Canada and the United States.

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