Gold 50 (ASX:G50) ROCE % : -22.28% (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Gold 50 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. Gold 50's annualized ROCE % for the quarter that ended in Dec. 2023 was -22.28%.

Gold 50 ROCE % Historical Data

The historical data trend for Gold 50'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.

Gold 50 ROCE % Chart

Gold 50 Annual Data

Trend

Jun22

Jun23

ROCE %

-18.72

-23.26

Gold 50 Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-22.68	-14.41	-16.13	-30.72	-22.28

Gold 50 ROCE % Calculation

Gold 50'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 )
	=	-2.41	/	( ( (11.089 - 0.213)	+	(10.182 - 0.337) )	/ 2 )
	=	-2.41	/	( (10.876	+	9.845)	/ 2 )
	=	-2.41	/	10.3605
	=	-23.26 %

Gold 50'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-2.214	/	( ( (10.182 - 0.337)	+	(10.288 - 0.259) )	/ 2 )
	=	-2.214	/	( ( 9.845	+	10.029 )	/ 2 )
	=	-2.214	/	9.937
	=	-22.28 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Gold 50 (ASX:G50) 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.

Gold 50 ROCE % Related Terms

Thank you for viewing the detailed overview of Gold 50's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Gold 50 (ASX:G50) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold 50 Ltd (ASX:G50) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

140 Arthur Street, Suite 503, North Sydney, NSW, AUS, 2060

Website

https://www.gold50.com

Gold 50 Ltd is a mineral exploration and mining company focused on gold and silver projects. Some of its projects are the Golconda Project, the Spitfire Mine, the Broken Hills, the Caisson Project, and the Top Gun Project.

Gold 50 (ASX:G50) Headlines

No Headlines