Carlin Gold (TSXV:CGD) ROC %: -13.20% (As of Mar. 2026)


TSXV:CGD Carlin Gold Corp TSXV:CGD
38 GF Score
Price C$0.50
! 1 Warning Sign
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What is Carlin Gold ROC %?

Carlin Gold TSXV:CGD 38 ROC % is -13.20% as of Mar. 2026. GuruFocus rates TSXV:CGD with a GF Score™ of 38/100. The stock has 1 warning sign investors should review.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Carlin Gold's annualized return on capital (ROC %) for the quarter that ended in Mar. 2026 was -13.20%.

As of today (2026-06-29), Carlin Gold's WACC % is 8.89%. Carlin Gold's ROC % is -17.19% (calculated using TTM income statement data). Carlin Gold earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Carlin Gold  (TSXV:CGD) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Carlin Gold's WACC % is 8.89%. Carlin Gold's ROC % is -17.19% (calculated using TTM income statement data). Carlin Gold earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Carlin Gold ROC % Related Terms

Carlin Gold ROC % Historical Data

* Premium members only.

The historical data trend for Carlin Gold's ROC % 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.

Carlin Gold ROC % Chart

Carlin Gold Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.31 -7.46 -10.97 -14.07 -16.24

Carlin Gold Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -9.38 -8.25 -5.01 -40.98 -13.20
TSXV:CGD
38GF Score
Carlin Gold Corp TSXV:CGD
ROC % is just one metric. See GF Score™, valuation, warning signs, and more.
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Carlin Gold ROC % Calculation

Carlin Gold's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2025 is calculated as:

ROC % (A: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2024 ) + Invested Capital (A: Dec. 2025 ))/ count )
=-0.383 * ( 1 - 0% )/( (2.212 + 2.506)/ 2 )
=-0.383/2.359
=-16.24 %

where

Invested Capital(A: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3.993 - 0.042 - ( 1.753 - max(0, 0.042 - 1.781+1.753))
=2.212

Invested Capital(A: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5.39 - 0.044 - ( 2.857 - max(0, 0.044 - 2.884+2.857))
=2.506

Carlin Gold's annualized Return on Capital (ROC %) for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-0.332 * ( 1 - 0% )/( (2.506 + 2.524)/ 2 )
=-0.332/2.515
=-13.20 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5.39 - 0.044 - ( 2.857 - max(0, 0.044 - 2.884+2.857))
=2.506

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5.445 - 0.053 - ( 2.891 - max(0, 0.053 - 2.921+2.891))
=2.524

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data. The tax rate is limited to between 0% and 100%.

* 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.

Frequently Asked Questions Learn more about ROC % →
What does a ROC % of -13.20% mean?
Carlin Gold (TSXV:CGD) has a ROC % of -13.20% as of Mar. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Carlin Gold and its competitors.
Is Carlin Gold's ROC % too high?
Carlin Gold's current ROC % is -13.20%. Overall, Carlin Gold has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Carlin Gold's ROC % compare to NEM and AU?
Carlin Gold's ROC % of -13.20% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a Metals & Mining company?
A good ROC % depends on the Metals & Mining industry context. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Carlin Gold and its competitors. Carlin Gold's current ROC % is -13.20%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carlin Gold stock overvalued right now?
Carlin Gold (TSXV:CGD) has a current ROC % of -13.20%. The current ROC % is -13.20%. Carlin Gold's overall GF Score™ is 38/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For Carlin Gold (TSXV:CGD), the current ROC % is -13.20% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Carlin Gold Business Description

Other Exchanges CGDCF:USA
Address 405 - 375 Water Street, Vancouver, BC, CAN, V6B 5C6
Carlin Gold Corp is an exploration company. The firm is focused on Carlin-type gold exploration in Nevada. Its projects are the Cortez Summit Property, and Ivy Copper-Gold Property and Willow Property Project. The company operates in Canada and the United States. It has one operating segment mineral exploration and development.
38GF Score

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ROC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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