Galleon Gold (Galleon Gold) ROCE % : -16.22% (As of Feb. 2024)

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What is Galleon 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. Galleon Gold's annualized ROCE % for the quarter that ended in Feb. 2024 was -16.22%.

Galleon Gold ROCE % Historical Data

The historical data trend for Galleon 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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Galleon Gold ROCE % Chart

Galleon Gold Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

ROCE %

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-180.75

-60.33

-1.65

-4.17

-3.76

Galleon Gold Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-10.41	22.10	-16.73	-10.85	-16.22

Galleon Gold ROCE % Calculation

Galleon Gold's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	-0.677	/	( ( (20.058 - 2.577)	+	(21.979 - 3.408) )	/ 2 )
	=	-0.677	/	( (17.481	+	18.571)	/ 2 )
	=	-0.677	/	18.026
	=	-3.76 %

Galleon Gold's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-3.008	/	( ( (21.979 - 3.408)	+	(22.098 - 3.572) )	/ 2 )
	=	-3.008	/	( ( 18.571	+	18.526 )	/ 2 )
	=	-3.008	/	18.5485
	=	-16.22 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2024) EBIT data.

Galleon Gold (OTCPK:PNCKF) 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.

Galleon Gold ROCE % Related Terms

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Galleon Gold (Galleon Gold) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

3H90:Germany GGO:Canada

Address

161 Bay Street, 27th Floor, Suite 2700, PO Box 508, TD Canada Trust Tower, Toronto, ON, CAN, M5J 2S1

Website

https://www.galleongold.com

Galleon Gold Corp is principally engaged in the business of acquiring, exploring, and developing mineral properties in Canada and the United States, those containing gold, silver, platinum group elements (PGEs), copper, nickel, and associated base and precious metals. Its projects include West Cache Gold, Ontario, Neal, Idaho, USA, Chester, New Brunswick, and Other properties in Canada. Its properties are located in two geographical areas, Canada, and the United States of America, and the majority of the revenue comes from Canada.

Executives

J Jay Jaski	director, officer: Chairman, CEO	95 WELLINGTON STREET W SUITE 900, PO BOX 28, TORONTO A6 M5J 2N7
Harry Jeffrey Blum	director	20 EGLINTON AVE W STE 2100, PO BOX 2014, TORONTO A6 M4R 1K8
William Stearns Vaughan	director	5655 SOUTH YOSEMITE STREET, SUITE 200, GREENWOOD VILLAGE CO 80111
James A Richardson	officer: Chief Financial Officer	228 WALMER ROAD, TORONTO A6 M5R 3R7
Hull Consulting Services Ltd.	officer: Chief Operation Officer	5511 WICKLOW DRIVE, OTTAWA A6 K4M 1C4
David Robert Mcpherson	director	75 OCTOBER DRIVE, ST CATHERINES A6 Z2N 6J4
Robert David Russell	director	5655 SOUTH YOSEMITE STREET, SUITE 200, GREENWOOD VILLAGE CO 80111
Rodney Alan Blakestad	director	1602 W. PLACITA SIN NIEVE, SAHUARITA AZ 85629
Gerald G Carlson	director
Robert Angrisano	director, 10 percent owner, officer: President
Monty D Moore	director, 10 percent owner, officer: Chairman & CEO
Edward H Waale	director
Michael W Sharon	director
Stuart Havenstrite	director	8111 MASO DRIVE, SANDY UT 84093
Nevada Star Resource Corp	director	161 BAY STREET, 27TH FLOOR, PO BOX 508, TORONTO A6 M5J 2S1

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