Guskin Gold (Guskin Gold) ROCE % : 0.00% (As of Dec. 2023)

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What is Guskin 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. Guskin Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Guskin Gold ROCE % Historical Data

The historical data trend for Guskin 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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Guskin Gold ROCE % Chart

Guskin Gold Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

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Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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Guskin Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
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Guskin Gold ROCE % Calculation

Guskin 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 )
	=	2.437	/	( ( (0.208 - 4.823)	+	(0.168 - 2.737) )	/ 2 )
	=	2.437	/	( (-4.615	+	-2.569)	/ 2 )
	=	2.437	/	-3.592
	=	-67.85 %

Guskin 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 )
	=	1.46	/	( ( (0.168 - 2.737)	+	(0.169 - 2.561) )	/ 2 )
	=	1.46	/	( ( -2.569	+	-2.392 )	/ 2 )
	=	1.46	/	-2.4805
	=	0 %

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

Guskin Gold (OTCPK:GKIN) 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.

Guskin Gold ROCE % Related Terms

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Guskin Gold (Guskin Gold) Business Description

Industry

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

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Traded in Other Exchanges

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Address

4500 Great America Parkway, Suite 100, PMB 38, Santa Clara, CA, USA, 95054

Website

https://www.guskingold.com

Guskin Gold Corp is an early-stage development company focusing on the acquisition and exploration of gold properties and the development of gold mining operations in the Republic of Ghana. It holds an interest in the Kukuom Gold project and The TEPA Gold Mine.

Executives

Scott J Silverman	director, 10 percent owner, officer: CEO, CFO, Pres, Sec. & Treas	1825 PONCE DE LEON BLVD., SUITE 411, CORAL GABLES FL 33134
Trig Special Purpose I, Llc	10 percent owner	590 MADISON AVENUE, SUITE 2127, NEW YORK NY 10022