Golden Minerals Co (LTS:0IYU) ROCE % : -66.99% (As of Dec. 2023)

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What is Golden Minerals Co 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. Golden Minerals Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -66.99%.

Golden Minerals Co ROCE % Historical Data

The historical data trend for Golden Minerals Co'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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Golden Minerals Co ROCE % Chart

Golden Minerals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-53.36

-71.20

-7.46

-70.93

-91.97

Golden Minerals Co 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															-132.18	-137.40	-71.78	-142.04	-66.99

Golden Minerals Co ROCE % Calculation

Golden Minerals Co'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: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-9.12	/	( ( (14.944 - 4.349)	+	(14.91 - 5.673) )	/ 2 )
	=	-9.12	/	( (10.595	+	9.237)	/ 2 )
	=	-9.12	/	9.916
	=	-91.97 %

Golden Minerals Co'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 )
	=	-5.34	/	( ( (12.304 - 5.599)	+	(14.91 - 5.673) )	/ 2 )
	=	-5.34	/	( ( 6.705	+	9.237 )	/ 2 )
	=	-5.34	/	7.971
	=	-66.99 %

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

Golden Minerals Co (LTS:0IYU) 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.

Golden Minerals Co ROCE % Related Terms

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Golden Minerals Co (LTS:0IYU) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Minerals Co (LTS:0IYU) » Definitions » ROCE %

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AUMN:USA AUMN:Canada

Address

350 Indiana Street, Suite 650, Golden, CO, USA, 80401

Website

https://www.goldenminerals.com

Golden Minerals Co is an exploration stage company engaged in the mining, construction, and exploration of precious metals and mineral properties. It owns and operates Velardena and Chicago precious metals mining properties and associated oxide and sulfide processing plants in the State of Durango, Mexico, the El Quevar exploration property in the province of Salta, Argentina, and a diversified portfolio of precious metals and other mineral exploration properties located in or near historical precious metals producing regions of Mexico. The company's business is structured into two divisions, Mexico operations, and Corporate Exploration and Other.

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