Harvest Gold (Harvest Gold) ROCE % : -15.48% (As of Dec. 2023)

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What is Harvest 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. Harvest Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -15.48%.

Harvest Gold ROCE % Historical Data

The historical data trend for Harvest 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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Harvest Gold ROCE % Chart

Harvest Gold Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-78.22

-24.21

-80.30

-35.73

-10.16

Harvest Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-13.61	-8.93	-7.92	-10.86	-15.48

Harvest Gold ROCE % Calculation

Harvest 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 )
	=	-0.246	/	( ( (2.77 - 0.089)	+	(2.22 - 0.058) )	/ 2 )
	=	-0.246	/	( (2.681	+	2.162)	/ 2 )
	=	-0.246	/	2.4215
	=	-10.16 %

Harvest 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 )
	=	-0.316	/	( ( (2.172 - 0.085)	+	(2.125 - 0.129) )	/ 2 )
	=	-0.316	/	( ( 2.087	+	1.996 )	/ 2 )
	=	-0.316	/	2.0415
	=	-15.48 %

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

Harvest Gold (OTCPK:HVGDF) 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.

Harvest Gold ROCE % Related Terms

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Harvest Gold (Harvest Gold) Business Description

Industry

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

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HVG:Canada

Address

1681 Chestnut Street, Suite 400, Vancouver, BC, CAN, V6J 4M6

Website

http://www.harvestgoldcorp.com

Harvest Gold Corp is a mineral exploration and resource development company. It is is focused on the discovery of economic copper, gold and silver ore bodies. The company's exploration projects include Emerson and Goathorn Projects, British Columbia; and Rosebud, and RW Projects, Nevada in the United States.

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