STLLR Gold (TSX:STLR) ROCE %

: -29.21% (As of Dec. 2023)

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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. STLLR Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -29.21%.

STLLR Gold ROCE % Historical Data

The historical data trend for STLLR 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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STLLR Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-95.24

-109.97

-43.80

-38.88

-36.74

STLLR 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															-40.98	-36.43	-25.81	-44.73	-29.21

STLLR Gold ROCE % Calculation

STLLR 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 )
	=	-21.596	/	( ( (64.648 - 7.589)	+	(68.924 - 8.406) )	/ 2 )
	=	-21.596	/	( (57.059	+	60.518)	/ 2 )
	=	-21.596	/	58.7885
	=	-36.74 %

STLLR 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 )
	=	-18.36	/	( ( (75.515 - 10.331)	+	(68.924 - 8.406) )	/ 2 )
	=	-18.36	/	( ( 65.184	+	60.518 )	/ 2 )
	=	-18.36	/	62.851
	=	-29.21 %

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

STLLR Gold (TSX:STLR) 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.

STLLR Gold ROCE % Related Terms

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STLLR Gold (TSX:STLR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » STLLR Gold Inc (TSX:STLR) » Definitions » ROCE %

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MEAUF:USA MOPA:Germany

Address

65 Third Avenue, Timmins, ON, CAN, P4N 1C2

Website

https://www.monetagold.com

Moneta Gold Inc is a Canadian-based gold exploration company focused on advancing its 100% wholly owned Tower Gold project, located in the Timmins region of Northeastern Ontario, Canada's prolific gold-producing camp. Tower Gold hosts an estimated gold mineral resource of 4.5 Moz indicated and 8.3 Moz inferred. Moneta is committed to creating shareholder value through the strategic allocation of capital and a focus on the current resource expansion drilling program while conducting all business activities in an environmentally and socially responsible manner.

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