Fury Gold Mines (TSX:FURY) ROCE % : -13.63% (As of Sep. 2023)

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What is Fury Gold Mines 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. Fury Gold Mines's annualized ROCE % for the quarter that ended in Sep. 2023 was -13.63%.

Fury Gold Mines ROCE % Historical Data

The historical data trend for Fury Gold Mines'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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Fury Gold Mines ROCE % Chart

Fury Gold Mines Annual Data

Trend

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-23.24

-10.02

-12.34

13.75

-9.02

Fury Gold Mines 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															-5.69	-5.27	-6.52	-13.63	-10.35

Fury Gold Mines ROCE % Calculation

Fury Gold Mines's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	24.836	/	( ( (167.018 - 5.116)	+	(200.599 - 1.308) )	/ 2 )
	=	24.836	/	( (161.902	+	199.291)	/ 2 )
	=	24.836	/	180.5965
	=	13.75 %

Fury Gold Mines's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-26.548	/	( ( (202.763 - 4.442)	+	(195.536 - 4.172) )	/ 2 )
	=	-26.548	/	( ( 198.321	+	191.364 )	/ 2 )
	=	-26.548	/	194.8425
	=	-13.63 %

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

Fury Gold Mines (TSX:FURY) 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.

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Fury Gold Mines (TSX:FURY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fury Gold Mines Ltd (TSX:FURY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FURY:USA AUN1:Germany

Address

1630-1177 West Hastings Street, Vancouver, BC, CAN, V6E 2K3

Website

https://www.furygoldmines.com

Fury Gold Mines Ltd is a Canadian-focused exploration and development company strategically positioned in three prolific mining regions: James Bay, Quebec; the Golden Triangle, British Columbia; and the Kitikmeot Region Nunavut. Its projects include Eau Claire, Homestake Ridge, Committee Bay, Eleonore South JV, and Gibson MacQuoid.

Executives

Forrester Clark

Director