Hawkeye Gold & Diamond (FRA:HGT0) ROCE % : 0.00% (As of Feb. 2024)

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What is Hawkeye Gold & Diamond 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. Hawkeye Gold & Diamond's annualized ROCE % for the quarter that ended in Feb. 2024 was 0.00%.

Hawkeye Gold & Diamond ROCE % Historical Data

The historical data trend for Hawkeye Gold & Diamond'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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Hawkeye Gold & Diamond ROCE % Chart

Hawkeye Gold & Diamond Annual Data

Trend

May14

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May20

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May23

ROCE %

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Hawkeye Gold & Diamond Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Hawkeye Gold & Diamond ROCE % Calculation

Hawkeye Gold & Diamond's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	-0.259	/	( ( (1.256 - 1.517)	+	(0.331 - 0.815) )	/ 2 )
	=	-0.259	/	( (-0.261	+	-0.484)	/ 2 )
	=	-0.259	/	-0.3725
	=	69.53 %

Hawkeye Gold & Diamond's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-0.172	/	( ( (0.072 - 0.855)	+	(0.076 - 0.911) )	/ 2 )
	=	-0.172	/	( ( -0.783	+	-0.835 )	/ 2 )
	=	-0.172	/	-0.809
	=	0 %

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

Hawkeye Gold & Diamond (FRA:HGT0) 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.

Hawkeye Gold & Diamond ROCE % Related Terms

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Hawkeye Gold & Diamond (FRA:HGT0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hawkeye Gold & Diamond Inc (FRA:HGT0) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HWKDF:USA HGT0:Germany HAWK:Canada

Address

1985 Alberni Street, M 202, Vancouver, BC, CAN, V6G 0A2

Website

https://www.hawkeyegold.com

Hawkeye Gold & Diamond Inc is an exploration stage company. It is engaged in the business of exploration for and the development of natural resources in Canada. The company's properties consists of Barkeville, BC Golden Triangle and Bonanza Property.

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