Conroy Gold and Natural Resources (LSE:CGNR) ROCE % : -2.70% (As of Nov. 2023)

View and export this data going back to 2000. Start your Free Trial

What is Conroy Gold and Natural 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. Conroy Gold and Natural Resources's annualized ROCE % for the quarter that ended in Nov. 2023 was -2.70%.

Conroy Gold and Natural Resources ROCE % Historical Data

The historical data trend for Conroy Gold and Natural 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.

* Premium members only.

Conroy Gold and Natural Resources ROCE % Chart

Conroy Gold and Natural Resources Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

ROCE %

Get a 7-Day Free Trial

-3.11

-3.72

1.16

-1.14

-1.55

Conroy Gold and Natural Resources Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
ROCE %	Get a 7-Day Free Trial															-2.53	0.21	-0.81	-2.24	-2.70

Conroy Gold and Natural Resources ROCE % Calculation

Conroy Gold and Natural Resources'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 )
	=	-0.303	/	( ( (21.708 - 3.195)	+	(23.838 - 3.347) )	/ 2 )
	=	-0.303	/	( (18.513	+	20.491)	/ 2 )
	=	-0.303	/	19.502
	=	-1.55 %

Conroy Gold and Natural Resources's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: May. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: May. 2023 )		(Q: Nov. 2023 )
	=	-0.568	/	( ( (23.838 - 3.347)	+	(24.781 - 3.242) )	/ 2 )
	=	-0.568	/	( ( 20.491	+	21.539 )	/ 2 )
	=	-0.568	/	21.015
	=	-2.70 %

(1) Note: The EBIT data used here is two times the semi-annual (Nov. 2023) EBIT data.

Conroy Gold and Natural Resources (LSE:CGNR) 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.

Conroy Gold and Natural Resources ROCE % Related Terms

Thank you for viewing the detailed overview of Conroy Gold and Natural Resources's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Conroy Gold and Natural Resources (LSE:CGNR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Conroy Gold and Natural Resources PLC (LSE:CGNR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FKV1:Germany

Address

3300 Lake Drive, Citywest Business Campus, Dublin, IRL, D24 TD21

Website

http://www.conroygold.com

Conroy Gold and Natural Resources PLC is a mineral exploration company. It is focused on the exploration and development of gold and a hundred per cent owned licenses in Ireland, within the Longford-Down Massif deposit. The firm's main objective is to make substantial returns for shareholders through the discovery and development of economic gold deposits in the North of Ireland and in Northern Finland. Its projects include gold antimony results from Clontibret, new gold mineralization at Glenish and gold-in bedrock at Slieve Glah. The business operates in two segments being Irish exploration assets: gold exploration assets in Ireland; and Finnish exploration assets: gold exploration assets in Finland.

Conroy Gold and Natural Resources (LSE:CGNR) Headlines

No Headlines