Golden Spike Resources (XCNQ:GLDS) ROCE % : -9.93% (As of Feb. 2024)

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What is Golden Spike Resources 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. Golden Spike Resources's annualized ROCE % for the quarter that ended in Feb. 2024 was -9.93%.

Golden Spike Resources ROCE % Historical Data

The historical data trend for Golden Spike Resources'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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Golden Spike Resources ROCE % Chart

Golden Spike Resources Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

ROCE %

-118.62

-20.58

-24.35

Golden Spike Resources Quarterly Data
	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial								-13.86	-40.89	-	-9.06	-9.93

Golden Spike Resources ROCE % Calculation

Golden Spike Resources's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-1.076	/	( ( (4.756 - 0.159)	+	(4.302 - 0.061) )	/ 2 )
	=	-1.076	/	( (4.597	+	4.241)	/ 2 )
	=	-1.076	/	4.419
	=	-24.35 %

Golden Spike Resources's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-0.424	/	( ( (4.23 - 0.084)	+	(4.403 - 0.006) )	/ 2 )
	=	-0.424	/	( ( 4.146	+	4.397 )	/ 2 )
	=	-0.424	/	4.2715
	=	-9.93 %

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

Golden Spike Resources (XCNQ:GLDS) 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.

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Golden Spike Resources (XCNQ:GLDS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Spike Resources Corp (XCNQ:GLDS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GSPRF:USA

Address

830 - 1100 Melville Street, Vancouver, BC, CAN, V6E 4A6

Website

https://www.goldenspikeresources.com

Golden Spike Resources Corp is a mineral exploration company and its principal business is the acquisition and exploration of mineral properties with a focus on Canada. The company's property is the Camping Lake Project, consisting of five contiguous mineral claims covering an area of approximately 2,132.4 Ha northwest of Ear Falls in the Province of Ontario.

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