Origen Resources (Origen Resources) ROCE % : -7.20% (As of Dec. 2023)

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What is Origen 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. Origen Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -7.20%.

Origen Resources ROCE % Historical Data

The historical data trend for Origen 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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Origen Resources ROCE % Chart

Origen Resources Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

-62.00

45.17

-38.66

Origen Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial												-13.59	-146.26	-8.80	-8.41	-7.20

Origen Resources ROCE % Calculation

Origen Resources'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 )
	=	-2.089	/	( ( (6.357 - 0.269)	+	(5.134 - 0.414) )	/ 2 )
	=	-2.089	/	( (6.088	+	4.72)	/ 2 )
	=	-2.089	/	5.404
	=	-38.66 %

Origen Resources'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 )
	=	-0.36	/	( ( (5.216 - 0.218)	+	(5.234 - 0.237) )	/ 2 )
	=	-0.36	/	( ( 4.998	+	4.997 )	/ 2 )
	=	-0.36	/	4.9975
	=	-7.20 %

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

Origen Resources (OTCPK:OGGNF) 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.

Origen Resources ROCE % Related Terms

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Origen Resources (Origen Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Origen Resources Inc (OTCPK:OGGNF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

4VXA:Germany ORGN:Canada

Address

488 - 625 Howe Street, Vancouver, BC, CAN, V6C 2T6

Website

https://www.origenresources.com

Origen Resources Inc is engaged in the acquisition, exploration, and evaluation of mineral properties in British Columbia Canada. The company's Arlington Project is located in the Arrow Boundary district of south-central British Columbia, Canada consists of three contiguous mineral claims. Its other properties portfolio includes Silver Dollar Property, Arlington Property, Golden Triangle, Bonanza Mountain and Other.

Origen Resources (Origen Resources) Headlines

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