Big Ridge Gold (Big Ridge Gold) ROCE % : -67.84% (As of Dec. 2023)

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What is Big Ridge 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. Big Ridge Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -67.84%.

Big Ridge Gold ROCE % Historical Data

The historical data trend for Big Ridge 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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Big Ridge Gold ROCE % Chart

Big Ridge Gold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-16.36

-15.78

-12.90

-129.33

-74.30

Big Ridge 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															-36.32	-39.44	-25.10	-76.83	-67.84

Big Ridge Gold ROCE % Calculation

Big Ridge Gold'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 )
	=	-2.643	/	( ( (4.864 - 1.47)	+	(4.09 - 0.37) )	/ 2 )
	=	-2.643	/	( (3.394	+	3.72)	/ 2 )
	=	-2.643	/	3.557
	=	-74.30 %

Big Ridge 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 )
	=	-4.092	/	( ( (6.855 - 0.371)	+	(5.848 - 0.268) )	/ 2 )
	=	-4.092	/	( ( 6.484	+	5.58 )	/ 2 )
	=	-4.092	/	6.032
	=	-67.84 %

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

Big Ridge Gold (OTCPK:ALVLF) 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.

Big Ridge Gold ROCE % Related Terms

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Big Ridge Gold (Big Ridge Gold) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Big Ridge Gold Corp (OTCPK:ALVLF) » Definitions » ROCE %

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BRAU:Canada

Address

18 King Street East, Suite 1400, Toronto, ON, CAN, M5C 1C4

Website

https://www.bigridgegold.com

Big Ridge Gold Corp is an exploration and development company with a portfolio of 100% owned Canadian gold properties. The company is focused on the Oxford Gold Project located in Manitoba, it is active in the prolific Abitibi greenstone belt in Quebec on the Destiny gold property and is exploring the Beardmore-Geraldton gold belt in Ontario.

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