E2Gold (TSXV:ETU) ROCE % : 0.00% (As of Jan. 2024)

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What is E2Gold 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. E2Gold's annualized ROCE % for the quarter that ended in Jan. 2024 was 0.00%.

E2Gold ROCE % Historical Data

The historical data trend for E2Gold'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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E2Gold ROCE % Chart

E2Gold Annual Data

Trend

Jul20

Jul21

Jul22

Jul23

ROCE %

-443.21

-128.19

-214.85

-593.19

E2Gold Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial												-481.83	-	-	-	-

E2Gold ROCE % Calculation

E2Gold's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	-3.399	/	( ( (2.728 - 0.756)	+	(0.403 - 1.229) )	/ 2 )
	=	-3.399	/	( (1.972	+	-0.826)	/ 2 )
	=	-3.399	/	0.573
	=	-593.19 %

E2Gold's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-2.12	/	( ( (0.337 - 1.27)	+	(0.377 - 1.267) )	/ 2 )
	=	-2.12	/	( ( -0.933	+	-0.89 )	/ 2 )
	=	-2.12	/	-0.9115
	=	0 %

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

E2Gold (TSXV:ETU) 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.

E2Gold ROCE % Related Terms

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E2Gold (TSXV:ETU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » E2Gold Inc (TSXV:ETU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ETUGF:USA

Address

8 King Street East, Suite 1700, Toronto, ON, CAN, M5C 1B5

Website

https://www.e2gold.ca

E2Gold Inc. is engaged in acquisition, exploration and evaluation of gold and other mineral properties. The company's projects include Hawkins project, which is located in northern Ontario and Band-Ore project, which is located in west of Thunder Bay, Ontario.

Executives

Carmelo Marrelli

Senior Officer

E2Gold (TSXV:ETU) Headlines

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