Gold Royalty (Gold Royalty) ROCE % : 0.00% (As of Mar. 2024)

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What is Gold Royalty 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. Gold Royalty's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.00%.

Gold Royalty ROCE % Historical Data

The historical data trend for Gold Royalty'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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Gold Royalty ROCE % Chart

Gold Royalty Annual Data

Trend

Sep20

Sep21

Sep22

Dec23

ROCE %

-11.02

-3.51

-4.54

Gold Royalty Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial										-1.70	-1.27	-1.11	-14.14	-

Gold Royalty ROCE % Calculation

Gold Royalty'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: Sep. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Sep. 2022 )		(A: Dec. 2023 )
	=	-31.05	/	( ( (688.614 - 7.211)	+	(690.994 - 3.851) )	/ 2 )
	=	-31.05	/	( (681.403	+	687.143)	/ 2 )
	=	-31.05	/	684.273
	=	-4.54 %

Gold Royalty'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 )
	=	0	/	( ( (690.994 - 3.851)	+	(0 - 0) )	/ 1 )
	=	0	/	( ( 687.143	+	0 )	/ 1 )
	=	0	/	687.143
	=	0.00 %

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

Gold Royalty (AMEX:GROY) 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.

Gold Royalty ROCE % Related Terms

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Gold Royalty (Gold Royalty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Royalty Corp (AMEX:GROY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

6LS0:Germany

Address

1030 West Georgia Street, Suite 1830, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.goldroyalty.com

Gold Royalty Corp is a precious metals-focused royalty and streaming company. It offers creative financing solutions to the metals and mining industry. The company's mission is to acquire royalties, streams and similar interests at varying stages of the mine life cycle to build a balanced portfolio offering near, medium and longer-term attractive returns for investors. It has its business as a single operating segment, being the investment in royalty and mineral stream interests.