Great Bear Resources (Great Bear Resources) ROCE % : -5.13% (As of Sep. 2021)

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What is Great Bear Resources 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. Great Bear Resources's annualized ROCE % for the quarter that ended in Sep. 2021 was -5.13%.

Great Bear Resources ROCE % Historical Data

The historical data trend for Great Bear Resources'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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Great Bear Resources ROCE % Chart

Great Bear Resources Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

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-60.53

-28.84

-38.94

-18.72

-18.76

Great Bear Resources Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
ROCE %	Get a 7-Day Free Trial															-3.16	-17.88	-9.32	-8.49	-5.13

Great Bear Resources ROCE % Calculation

Great Bear Resources's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	-8.642	/	( ( (37.597 - 4.699)	+	(67.562 - 8.314) )	/ 2 )
	=	-8.642	/	( (32.898	+	59.248)	/ 2 )
	=	-8.642	/	46.073
	=	-18.76 %

Great Bear Resources's ROCE % of for the quarter that ended in Sep. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2021 )		(Q: Jun. 2021 )		(Q: Sep. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2021 )		(Q: Jun. 2021 )		(Q: Sep. 2021 )
	=	-5.312	/	( ( (123.8 - 19.106)	+	(118.841 - 16.243) )	/ 2 )
	=	-5.312	/	( ( 104.694	+	102.598 )	/ 2 )
	=	-5.312	/	103.646
	=	-5.13 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2021) EBIT data.

Great Bear Resources (OTCPK:GTBAF) 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.

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Great Bear Resources (Great Bear Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Great Bear Resources Ltd (OTCPK:GTBAF) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

800 West Pender Street, Suite 1020, Vancouver, BC, CAN, V6C 2V6

Website

https://www.greatbearresources.ca

Great Bear Resources Ltd is a Vancouver-based gold exploration company focused on advancing its 100% owned Dixie project in Northwestern Ontario, Canada. An exploration drill program is underway to define the mineralization within a large-scale, high-grade disseminated gold discovery. Additional exploration drilling is also in progress to expand and infill nearby high-grade gold zones, as well as to test new regional targets.