Asante Gold (Asante Gold) ROCE % : -79.82% (As of Jan. 2024)

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What is Asante 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. Asante Gold's annualized ROCE % for the quarter that ended in Jan. 2024 was -79.82%.

Asante Gold ROCE % Historical Data

The historical data trend for Asante 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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Asante Gold ROCE % Chart

Asante Gold Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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-15.48

-13.09

-15.40

-88.51

-80.09

Asante Gold Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-71.67	-96.22	-100.84	-111.14	-79.82

Asante Gold ROCE % Calculation

Asante Gold's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	-144.403	/	( ( (728.38 - 530.418)	+	(682.142 - 519.516) )	/ 2 )
	=	-144.403	/	( (197.962	+	162.626)	/ 2 )
	=	-144.403	/	180.294
	=	-80.09 %

Asante Gold's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-97.04	/	( ( (730.447 - 649.913)	+	(682.142 - 519.516) )	/ 2 )
	=	-97.04	/	( ( 80.534	+	162.626 )	/ 2 )
	=	-97.04	/	121.58
	=	-79.82 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

Asante Gold (OTCPK:ASGOF) 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.

Asante Gold ROCE % Related Terms

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Asante Gold (Asante Gold) Business Description

Industry

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

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1A9:Germany ASE:Canada

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.asantegold.com

Asante Gold Corp is an exploration stage company. It plans to capitalize on the gold-rich and growing mining environment by continuing to build assets through exploration, development, and acquisitions. The company is involved in the exploration and evaluation of mineral properties in Ghana, West Africa. The group portfolio consists of various projects namely Fahiakoba, Betanase, Keyhole, and Kubi and it generally explores gold deposits. The company has also acquired the Bibiani gold mine from Resolute Mining.

Asante Gold (Asante Gold) Headlines

From GuruFocus

Asante Gold Corp at Precious Metals Summit - Beaver Creek Transcript

By GuruFocus Research • 02-12-2024