Endurance Gold (TSXV:EDG) ROCE % : -3.85% (As of Dec. 2023)

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What is Endurance 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. Endurance Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.85%.

Endurance Gold ROCE % Historical Data

The historical data trend for Endurance 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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Endurance Gold ROCE % Chart

Endurance Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-5.67

-3.45

-17.44

-12.32

-4.65

Endurance Gold 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															-5.88	-6.50	-3.37	-5.03	-3.85

Endurance Gold ROCE % Calculation

Endurance 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 )
	=	-0.553	/	( ( (11.994 - 0.172)	+	(12.258 - 0.281) )	/ 2 )
	=	-0.553	/	( (11.822	+	11.977)	/ 2 )
	=	-0.553	/	11.8995
	=	-4.65 %

Endurance 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 )
	=	-0.46	/	( ( (12.245 - 0.311)	+	(12.258 - 0.281) )	/ 2 )
	=	-0.46	/	( ( 11.934	+	11.977 )	/ 2 )
	=	-0.46	/	11.9555
	=	-3.85 %

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

Endurance Gold (TSXV:EDG) 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.

Endurance Gold ROCE % Related Terms

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Endurance Gold (TSXV:EDG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Endurance Gold Corp (TSXV:EDG) » Definitions » ROCE %

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ENDGF:USA 3EG:Germany

Address

1055 West Hastings Street, Suite 1900, Vancouver, BC, CAN, V6E 2E9

Website

https://www.endurancegold.com

Endurance Gold Corp is an operator of mineral properties intended for exploration and development company that focuses on the exploration and development of mineral properties in North America. The company focuses on gold discovery in a gold camp, with other important projects including the Elephant Mountain Gold Project and the Bandito Rare Earth Property and develops high-quality mineral projects that can generate returns, thereby enabling clients-centered expertise in mineral exploration and development, to identify and develop high-potential mineral projects that have the potential to generate significant value.

Executives

Robert T. Boyd

Director, Senior Officer

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