Argonaut Gold (FRA:A8U) ROCE % : 7.64% (As of Dec. 2023)

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What is Argonaut 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. Argonaut Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.64%.

Argonaut Gold ROCE % Historical Data

The historical data trend for Argonaut 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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Argonaut Gold ROCE % Chart

Argonaut Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-17.85

5.32

4.45

-13.16

3.13

Argonaut 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															-58.20	-2.85	7.37	0.28	7.64

Argonaut Gold ROCE % Calculation

Argonaut 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 )
	=	36.508	/	( ( (1188.869 - 136.301)	+	(1448.564 - 169.134) )	/ 2 )
	=	36.508	/	( (1052.568	+	1279.43)	/ 2 )
	=	36.508	/	1165.999
	=	3.13 %

Argonaut 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 )
	=	93.252	/	( ( (1346.321 - 183.33)	+	(1448.564 - 169.134) )	/ 2 )
	=	93.252	/	( ( 1162.991	+	1279.43 )	/ 2 )
	=	93.252	/	1221.2105
	=	7.64 %

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

Argonaut Gold (FRA:A8U) 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.

Argonaut Gold ROCE % Related Terms

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Argonaut Gold (FRA:A8U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Argonaut Gold Inc (FRA:A8U) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ARNGF:USA A8U:Germany AR:Canada

Address

9600 Prototype Court, Reno, NV, USA, 89521

Website

https://www.argonautgold.com

Argonaut Gold Inc is a Canadian gold company engaged in exploration, mine development, and production. Its primary assets are the El Castillo mine and the San Agustin mine, which together form the El Castillo Complex in Durango, Mexico, the La Colorada mine in Sonora, Mexico, and the Florida Canyon mine in Nevada, USA. The company also holds the construction stage Magino project, the exploration stage Cerro del Gallo project, and several other exploration stage projects, all of which are located in North America.

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