GoldMoney (GoldMoney) ROCE % : 12.82% (As of Dec. 2023)

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What is GoldMoney 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. GoldMoney's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.82%.

GoldMoney ROCE % Historical Data

The historical data trend for GoldMoney'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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GoldMoney ROCE % Chart

GoldMoney Annual Data

Trend

Sep13

Sep14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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12.52

-5.15

7.32

-3.10

4.37

GoldMoney 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															23.05	-3.63	9.91	4.42	12.82

GoldMoney ROCE % Calculation

GoldMoney's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	5.762	/	( ( (139.781 - 1.601)	+	(128.664 - 2.871) )	/ 2 )
	=	5.762	/	( (138.18	+	125.793)	/ 2 )
	=	5.762	/	131.9865
	=	4.37 %

GoldMoney'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 )
	=	18.372	/	( ( (128.875 - 1.315)	+	(162.592 - 3.605) )	/ 2 )
	=	18.372	/	( ( 127.56	+	158.987 )	/ 2 )
	=	18.372	/	143.2735
	=	12.82 %

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

GoldMoney (OTCPK:XAUMF) 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.

GoldMoney ROCE % Related Terms

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GoldMoney (GoldMoney) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » GoldMoney Inc (OTCPK:XAUMF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

9BT0:Germany XAU:Canada

Address

334 Adelaide Street West, Suite 307, Toronto, ON, CAN, M5V 1R4

Website

https://www.goldmoney.com

GoldMoney Inc is engaged in precious metal focused global business. It operates through subsidiaries and is engaged in precious metal sales to its clients, including arranging delivery and storage of precious metals for its clients, coin retailing, and lending. Goldmoney has a client base in more than a hundred countries and holds precious metal assets. The company's operating subsidiaries include Goldmoney.com and SchiffGold.com. In addition to the company's principal business segments, the company holds a significant interest in Mene Inc., which crafts pure 24-karat gold and platinum investment jewelry that is sold by gram weight. Through these businesses and other investment activities, the firm gains long-term exposure to precious metals.