Spanish Mountain Gold (Spanish Mountain Gold) ROCE % : -3.85% (As of Dec. 2023)

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What is Spanish Mountain 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. Spanish Mountain Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.85%.

Spanish Mountain Gold ROCE % Historical Data

The historical data trend for Spanish Mountain 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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Spanish Mountain Gold ROCE % Chart

Spanish Mountain Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.22

-1.13

-1.24

-1.09

-2.47

Spanish Mountain 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															-1.17	-2.60	-1.16	-2.11	-3.85

Spanish Mountain Gold ROCE % Calculation

Spanish Mountain 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 )
	=	-1.736	/	( ( (69.307 - 0.911)	+	(72.491 - 0.347) )	/ 2 )
	=	-1.736	/	( (68.396	+	72.144)	/ 2 )
	=	-1.736	/	70.27
	=	-2.47 %

Spanish Mountain 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 )
	=	-2.776	/	( ( (72.384 - 0.157)	+	(72.491 - 0.347) )	/ 2 )
	=	-2.776	/	( ( 72.227	+	72.144 )	/ 2 )
	=	-2.776	/	72.1855
	=	-3.85 %

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

Spanish Mountain Gold (OTCPK:SPAZF) 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.

Spanish Mountain Gold ROCE % Related Terms

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Spanish Mountain Gold (Spanish Mountain Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Spanish Mountain Gold Ltd (OTCPK:SPAZF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

S3Y:Germany SPA:Canada

Address

1111 Melville Street, Suite 910, Vancouver, BC, CAN, V6E 3V6

Website

https://www.spanishmountaingold.com

Spanish Mountain Gold Ltd is an exploration stage resource company. It is focused on de-risking and optimizing its Spanish Mountain gold project in southern central British Columbia. The company has one operating segment being the Mineral exploration, and all of its long-term assets are located in Canada.