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Dixie Gold (Dixie Gold) ROCE % : -32.05% (As of Dec. 2023)


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What is Dixie 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. Dixie Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -32.05%.

Dixie Gold ROCE % Historical Data

The historical data trend for Dixie 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.

* Premium members only.

Dixie Gold ROCE % Chart

Dixie Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -23.16 -15.22 -16.17 -17.16 -20.17

Dixie Gold 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -24.20 -17.09 -18.45 -17.97 -32.05

Dixie Gold ROCE % Calculation

Dixie Gold'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 )
=-0.217/( ( (1.092 - 0.013) + (1.089 - 0.016) )/ 2 )
=-0.217/( (1.079+1.073)/ 2 )
=-0.217/1.076
=-20.17 %

Dixie Gold'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 )
=-0.324/( ( (0.95 - 0.001) + (1.089 - 0.016) )/ 2 )
=-0.324/( ( 0.949 + 1.073 )/ 2 )
=-0.324/1.011
=-32.05 %

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

* 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.

Dixie Gold  (OTCPK:YWRLF) 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.

Dixie Gold ROCE % Related Terms

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Dixie Gold (Dixie Gold) Business Description

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2YCA:Germany DG:Canada
Address
789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2
Website
https://www.dixiegold.ca
Dixie Gold Inc is engaged in the exploration and development of mineral resources. It is involved in a diverse portfolio of exploration projects, including gold, lithium and uranium assets in Canada. The firm's projects include the Red Lake Gold Project, Isko gold project and Phoenix nad trop lithium projects.