Austin Gold (Austin Gold) ROCE %

: -26.74% (As of Dec. 2023)

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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. Austin Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -26.74%.

Austin Gold ROCE % Historical Data

The historical data trend for Austin 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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Austin Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-52.19

-10.64

-19.84

-17.14

Austin Gold Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial									-15.73	-16.12	-12.44	-13.11	-26.74

Austin Gold ROCE % Calculation

Austin 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 )
	=	-2.237	/	( ( (14.878 - 0.098)	+	(12.005 - 0.677) )	/ 2 )
	=	-2.237	/	( (14.78	+	11.328)	/ 2 )
	=	-2.237	/	13.054
	=	-17.14 %

Austin 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 )
	=	-3.212	/	( ( (12.827 - 0.135)	+	(12.005 - 0.677) )	/ 2 )
	=	-3.212	/	( ( 12.692	+	11.328 )	/ 2 )
	=	-3.212	/	12.01
	=	-26.74 %

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

Austin Gold (AMEX:AUST) 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.

Austin Gold ROCE % Related Terms

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Austin Gold (Austin Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Austin Gold Corp (AMEX:AUST) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1021 West Hastings Street, 9th Floor, Vancouver, BC, CAN, V6E 0C3

Website

https://www.austin.gold

Austin Gold Corp is a gold exploration and development company focused on gold targets and making district-scale gold discoveries in Nevada. Its projects include Kelly Creek in Humboldt County, Lone Mountain and Miller in Elko County, and Fourmile Basin in Nye County.

Austin Gold (Austin Gold) ROCE %

Austin Gold ROCE % Historical Data

Austin Gold ROCE % Calculation

Austin Gold ROCE % Related Terms

Austin Gold (Austin Gold) Business Description

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