Gladiator Metals (TSXV:GLAD) ROCE % : -118.61% (As of Nov. 2023)

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What is Gladiator Metals 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. Gladiator Metals's annualized ROCE % for the quarter that ended in Nov. 2023 was -118.61%.

Gladiator Metals ROCE % Historical Data

The historical data trend for Gladiator Metals'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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Gladiator Metals ROCE % Chart

Gladiator Metals Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

ROCE %

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-672.73

-23.98

-23.90

-35.30

Gladiator Metals Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial															-11.55	-97.70	-206.64	-93.83	-118.61

Gladiator Metals ROCE % Calculation

Gladiator Metals's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	-1.02	/	( ( (4.513 - 0.097)	+	(1.679 - 0.316) )	/ 2 )
	=	-1.02	/	( (4.416	+	1.363)	/ 2 )
	=	-1.02	/	2.8895
	=	-35.30 %

Gladiator Metals's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	-9.6	/	( ( (9.355 - 0.415)	+	(8.088 - 0.841) )	/ 2 )
	=	-9.6	/	( ( 8.94	+	7.247 )	/ 2 )
	=	-9.6	/	8.0935
	=	-118.61 %

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

Gladiator Metals (TSXV:GLAD) 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.

Gladiator Metals ROCE % Related Terms

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Gladiator Metals (TSXV:GLAD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gladiator Metals Corp (TSXV:GLAD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GDTRF:USA ZX7:Germany

Address

800 West Pender Street, Suite 1430, Vancouver, BC, CAN, V6C 2V6

Website

Gladiator Metals Corp is engaged in the acquisition, development, and operation of the mineral property, with a focus on the Koonenberry Gold Project located in New South Wales, Australia.

Executives

Matthew Frederick Roma

Senior Officer