Victoria Gold (TSX:VGCX) ROCE % : 4.22% (As of Dec. 2023)

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What is Victoria 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. Victoria Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.22%.

Victoria Gold ROCE % Historical Data

The historical data trend for Victoria 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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Victoria Gold ROCE % Chart

Victoria Gold Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.87

6.02

21.66

8.50

7.39

Victoria Gold Quarterly Data
	Feb19	May19	Aug19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															7.79	3.23	15.00	7.14	4.22

Victoria Gold ROCE % Calculation

Victoria Gold'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 )
	=	64.883	/	( ( (1016.806 - 164.327)	+	(1016.886 - 114.08) )	/ 2 )
	=	64.883	/	( (852.479	+	902.806)	/ 2 )
	=	64.883	/	877.6425
	=	7.39 %

Victoria Gold'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 )
	=	37.808	/	( ( (1016.118 - 125.024)	+	(1016.886 - 114.08) )	/ 2 )
	=	37.808	/	( ( 891.094	+	902.806 )	/ 2 )
	=	37.808	/	896.95
	=	4.22 %

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

Victoria Gold (TSX:VGCX) 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.

Victoria Gold ROCE % Related Terms

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Victoria Gold (TSX:VGCX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Victoria Gold Corp (TSX:VGCX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

VITFF:USA VI9A:Germany

Address

80 Richmond Street West, Suite 204, Toronto, ON, CAN, M5H 2A4

Website

https://www.vitgoldcorp.com

Victoria Gold Corp is engaged in the acquisition, evaluation, and exploration of mineral properties. Its mining project includes The Eagle Gold Project in Yukon Canada. Eagle is an open pit, heap leach operation located approximately 375 kilometers north of the capital city of Whitehorse. The exploration potential of the company's 100% owned greater Dublin Gulch property is good and includes priority targets Olive-Shamrock and Nugget-Raven.

Executives

John Charles Mcconnell

Director, Senior Officer

Victoria Gold (TSX:VGCX) Headlines

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