California Gold Mining (California Gold Mining) ROCE % : -198.76% (As of May. 2021)

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What is California Gold 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. California Gold Mining's annualized ROCE % for the quarter that ended in May. 2021 was -198.76%.

California Gold Mining ROCE % Historical Data

The historical data trend for California Gold 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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California Gold Mining ROCE % Chart

California Gold Mining Annual Data

Trend

Aug11

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

ROCE %

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-79.41

-35.42

-64.02

-45.76

-127.35

California Gold Mining Quarterly Data
	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21
ROCE %	Get a 7-Day Free Trial															-16.60	-317.96	-70.13	-93.00	-198.76

California Gold Mining ROCE % Calculation

California Gold Mining's annualized ROCE % for the fiscal year that ended in Aug. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2020 )		(A: Aug. 2019 )		(A: Aug. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2020 )		(A: Aug. 2019 )		(A: Aug. 2020 )
	=	-4.437	/	( ( (7.117 - 1.629)	+	(6.365 - 4.885) )	/ 2 )
	=	-4.437	/	( (5.488	+	1.48)	/ 2 )
	=	-4.437	/	3.484
	=	-127.35 %

California Gold Mining's ROCE % of for the quarter that ended in May. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2021 )		(Q: Feb. 2021 )		(Q: May. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2021 )		(Q: Feb. 2021 )		(Q: May. 2021 )
	=	-0.964	/	( ( (5.75 - 5.004)	+	(5.777 - 5.553) )	/ 2 )
	=	-0.964	/	( ( 0.746	+	0.224 )	/ 2 )
	=	-0.964	/	0.485
	=	-198.76 %

(1) Note: The EBIT data used here is four times the quarterly (May. 2021) EBIT data.

California Gold Mining (OTCPK:CFGMF) 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.

California Gold Mining ROCE % Related Terms

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California Gold Mining (California Gold Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » California Gold Mining Inc (OTCPK:CFGMF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1800, 130 King Street W., Toronto, ON, CAN, M5X 1E3

Website

http://www.caligold.ca

California Gold Mining Inc is a Canada-based mineral exploration company. Principally, it is engaged in the acquisition, exploration, and development of mineral resource properties. The company's project consists of Fremont project and Dingman project.