Sylla Gold (TSXV:SYG) ROCE % : 0.00% (As of Nov. 2023)

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What is Sylla Gold 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. Sylla Gold's annualized ROCE % for the quarter that ended in Nov. 2023 was 0.00%.

Sylla Gold ROCE % Historical Data

The historical data trend for Sylla Gold'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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Sylla Gold ROCE % Chart

Sylla Gold Annual Data

Trend

Feb14

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Feb23

ROCE %

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Sylla Gold Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial															-827.02	-4,108.47	-	-	-

Sylla Gold ROCE % Calculation

Sylla Gold'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 )
	=	-4.311	/	( ( (0.163 - 0.329)	+	(0.181 - 0.63) )	/ 2 )
	=	-4.311	/	( (-0.166	+	-0.449)	/ 2 )
	=	-4.311	/	-0.3075
	=	1,401.95 %

Sylla Gold'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 )
	=	-1.208	/	( ( (0.094 - 1.027)	+	(0.106 - 0.936) )	/ 2 )
	=	-1.208	/	( ( -0.933	+	-0.83 )	/ 2 )
	=	-1.208	/	-0.8815
	=	0 %

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

Sylla Gold (TSXV:SYG) 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.

Sylla Gold ROCE % Related Terms

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Sylla Gold (TSXV:SYG) Business Description

Industry

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

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SYGCF:USA

Address

1550 Bedford Highway, Suite 802, Bedford, NS, CAN, B4A 1E6

Website

https://www.syllagold.com

Sylla Gold Corp is is a Canadian junior gold exploration company focused on the exploration and acquisition of gold properties in West Africa.

Sylla Gold (TSXV:SYG) Headlines

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