Omai Gold Mines (TSXV:OMG) ROCE % : -56.58% (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Omai Gold Mines 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. Omai Gold Mines's annualized ROCE % for the quarter that ended in Dec. 2023 was -56.58%.

Omai Gold Mines ROCE % Historical Data

The historical data trend for Omai Gold Mines'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.

Omai Gold Mines ROCE % Chart

Omai Gold Mines Annual Data

Trend

Sep19

Sep20

Dec21

Dec22

Dec23

ROCE %

-275.73

-88.26

-73.21

Omai Gold Mines Quarterly Data
	Sep19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial										-100.85	-76.95	-77.79	-84.75	-56.58

Omai Gold Mines ROCE % Calculation

Omai Gold Mines'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 )
	=	-4.61	/	( ( (9.114 - 1.072)	+	(5.738 - 1.186) )	/ 2 )
	=	-4.61	/	( (8.042	+	4.552)	/ 2 )
	=	-4.61	/	6.297
	=	-73.21 %

Omai Gold Mines'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 )
	=	-2.748	/	( ( (6.599 - 1.437)	+	(5.738 - 1.186) )	/ 2 )
	=	-2.748	/	( ( 5.162	+	4.552 )	/ 2 )
	=	-2.748	/	4.857
	=	-56.58 %

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

Omai Gold Mines (TSXV:OMG) 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.

Omai Gold Mines ROCE % Related Terms

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

Omai Gold Mines (TSXV:OMG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

OMGGF:USA 0N2:Germany

Address

130 King Street West, Suite 3680, Toronto, ON, CAN, M5X 1B1

Website

https://www.omaigoldmines.com

Omai Gold Mines Corp is a mineral exploration company. Its Omai gold mine is located in Guyana, on the North coast of South America. The mine has two open pits: the Fennell pit and the Wenot pit. Its other project is Grenfell Property.

Executives

Derek Macpherson

Director