Galore Resources (TSXV:GRI) ROCE % : -7.62% (As of Dec. 2023)

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What is Galore Resources 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. Galore Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -7.62%.

Galore Resources ROCE % Historical Data

The historical data trend for Galore Resources'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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Galore Resources ROCE % Chart

Galore Resources Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

ROCE %

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-14.86

-14.74

-12.56

-5.97

-14.48

Galore Resources Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-50.54	-12.25	-7.07	-34.40	-7.62

Galore Resources ROCE % Calculation

Galore Resources's annualized ROCE % for the fiscal year that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	-0.573	/	( ( (7.651 - 3.815)	+	(8.676 - 4.597) )	/ 2 )
	=	-0.573	/	( (3.836	+	4.079)	/ 2 )
	=	-0.573	/	3.9575
	=	-14.48 %

Galore Resources'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 )
	=	-0.188	/	( ( (10.089 - 7.543)	+	(10.597 - 8.206) )	/ 2 )
	=	-0.188	/	( ( 2.546	+	2.391 )	/ 2 )
	=	-0.188	/	2.4685
	=	-7.62 %

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

Galore Resources (TSXV:GRI) 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.

Galore Resources ROCE % Related Terms

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Galore Resources (TSXV:GRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Galore Resources Inc (TSXV:GRI) » Definitions » ROCE %

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GALOF:USA

Address

1125 Howe Street, Suite 1400, Vancouver, BC, CAN, V6Z 2K8

Website

https://www.galoreresources.com

Galore Resources Inc is a junior mineral exploration company. The company is engaged in the acquisition and exploration of mineral property interests in North America. The company holds an interest in the Dos Santos project located in northern Zacatecas State, Mexico.

Executives

Charles Troup

Director