Giant Mining (XCNQ:BFG) ROCE % : -11.56% (As of Dec. 2023)

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What is Giant Mining 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. Giant Mining's annualized ROCE % for the quarter that ended in Dec. 2023 was -11.56%.

Giant Mining ROCE % Historical Data

The historical data trend for Giant Mining'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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Giant Mining ROCE % Chart

Giant Mining Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-984.19

-280.23

-422.23

-160.64

-75.70

Giant Mining 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															-42.47	-24.67	-52.40	-36.91	-11.56

Giant Mining ROCE % Calculation

Giant Mining's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-5.096	/	( ( (6.278 - 0.49)	+	(7.873 - 0.197) )	/ 2 )
	=	-5.096	/	( (5.788	+	7.676)	/ 2 )
	=	-5.096	/	6.732
	=	-75.70 %

Giant Mining'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 )
	=	-0.884	/	( ( (7.837 - 0.386)	+	(8.277 - 0.44) )	/ 2 )
	=	-0.884	/	( ( 7.451	+	7.837 )	/ 2 )
	=	-0.884	/	7.644
	=	-11.56 %

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

Giant Mining (XCNQ:BFG) 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.

Giant Mining ROCE % Related Terms

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Giant Mining (XCNQ:BFG) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Giant Mining Corp (XCNQ:BFG) » Definitions » ROCE %

Comparable Companies

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JUBAF:USA 4NP:Germany

Address

1055 West Georgia Street, Suite 1500, Royal Centre, PO Box 11117, Vancouver, BC, CAN, V6E 4N7

Website

https://www.majubahillcopper.com

Majuba Hill Copper Corp is engaged in the business of acquiring, exploring, and developing copper properties. The projects of the company include the Majuba Hill Project offering investors a copper, silver, and gold investment opportunity.

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