Centerra Gold (Centerra Gold) ROCE % : -0.25% (As of Dec. 2023)

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What is Centerra 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. Centerra Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.25%.

Centerra Gold ROCE % Historical Data

The historical data trend for Centerra 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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Centerra Gold ROCE % Chart

Centerra Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.71

1.06

15.15

-1.94

0.71

Centerra 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															-29.88	-12.24	-6.11	22.12	-0.25

Centerra Gold ROCE % Calculation

Centerra 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 )
	=	14.291	/	( ( (2335.909 - 274.852)	+	(2280.766 - 297.437) )	/ 2 )
	=	14.291	/	( (2061.057	+	1983.329)	/ 2 )
	=	14.291	/	2022.193
	=	0.71 %

Centerra 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 )
	=	-4.992	/	( ( (2195.279 - 241.608)	+	(2280.766 - 297.437) )	/ 2 )
	=	-4.992	/	( ( 1953.671	+	1983.329 )	/ 2 )
	=	-4.992	/	1968.5
	=	-0.25 %

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

Centerra Gold (NYSE:CGAU) 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.

Centerra Gold ROCE % Related Terms

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Centerra Gold (Centerra Gold) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Centerra Gold Inc (NYSE:CGAU) » Definitions » ROCE %

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Address

1 University Avenue, Suite 1500, Toronto, ON, CAN, M5J 2P1

Website

https://www.centerragold.com

Centerra Gold Inc a gold mining and exploration company engaged in the operation, exploration, development, and acquisition of gold properties in Asia, North America, and other markets worldwide. The company manages its reportable operating segments by a combination of geographic location and products. The Kyrgyz Republic segment includes the operations of the Kumtor Gold Project. The Turkish segment represents the development of the OksUt Project. The North America Gold- Copper segment represents the operations of the Mount Milligan Mine. The North America Molybdenum segment includes the operations of the Langeloth processing facility and the care and maintenance activities of the Endako and Thompson Creek Mines.