GT Resources (TSXV:GT) ROCE % : -61.03% (As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

What is GT 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. GT Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -61.03%.

GT Resources ROCE % Historical Data

The historical data trend for GT 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.

* Premium members only.

GT Resources ROCE % Chart

GT Resources Annual Data

Trend

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-96.86

-96.24

-109.22

-86.82

-106.53

GT Resources 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															-109.49	-92.25	-174.12	-74.81	-61.03

GT Resources ROCE % Calculation

GT Resources'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 )
	=	-10.487	/	( ( (12.054 - 3.069)	+	(11.238 - 0.535) )	/ 2 )
	=	-10.487	/	( (8.985	+	10.703)	/ 2 )
	=	-10.487	/	9.844
	=	-106.53 %

GT 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 )
	=	-6.832	/	( ( (13.12 - 1.433)	+	(11.238 - 0.535) )	/ 2 )
	=	-6.832	/	( ( 11.687	+	10.703 )	/ 2 )
	=	-6.832	/	11.195
	=	-61.03 %

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

GT Resources (TSXV:GT) 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.

GT Resources ROCE % Related Terms

Thank you for viewing the detailed overview of GT Resources's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

GT Resources (TSXV:GT) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

NKORF:USA 7N11:Germany

Address

88 Scott Street, Suite 3704, Toronto, ON, CAN, M5E 0A9

Website

https://www.palladiumoneinc.com

Palladium One Mining Inc is a palladium-dominant, PGE, nickel, copper exploration and development company. Its assets consist of the Lantinen Koillismaa and Kostonjarvi PGE-Cu-Ni projects, located in north-central Finland and the Tyko Ni-Cu-PGE and Disraeli PGE-Ni-Cu properties in Ontario, Canada. LK is targeting disseminated sulphide along 38 kilometers of favorable basal contact. The KS project is targeting massive sulphide within a 20,000-hectare land package covering a regional scale gravity and magnetic geophysical anomaly. Tyko is a 13,000-hectare project targeting disseminated and massive sulphide in a highly metamorphosed Archean terrain. Disraeli is a 2,500-hectare project targeting PGE-rich disseminated and massive sulphide in a highly productive Proterozoic mid-continent rift.