Golden Rapture Mining (XCNQ:GLDR) ROC % : -82.48% (As of Jul. 2024)

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What is Golden Rapture Mining ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Golden Rapture Mining's annualized return on capital (ROC %) for the quarter that ended in Jul. 2024 was -82.48%.

As of today (2024-12-11), Golden Rapture Mining's WACC % is 9.19%. Golden Rapture Mining's ROC % is -168.08% (calculated using TTM income statement data). Golden Rapture Mining earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Golden Rapture Mining ROC % Historical Data

The historical data trend for Golden Rapture Mining'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.

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Golden Rapture Mining ROC % Chart

Golden Rapture Mining Annual Data

Trend

Apr23

Apr24

ROC %

-182.23

Golden Rapture Mining Quarterly Data
	Jan23	Jul23	Oct23	Jan24	Apr24	Jul24
ROC %	Get a 7-Day Free Trial			-92.25	-83.53	-120.00	-409.20	-82.48

Golden Rapture Mining ROC % Calculation

Golden Rapture Mining's annualized Return on Capital (ROC %) for the fiscal year that ended in Apr. 2024 is calculated as:

	ROC % (A: Apr. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Apr. 2023 )	+	Invested Capital (A: Apr. 2024 ))	/ count )
=	-1.036 * ( 1 - 0% )	/	( (0.504	+	0.633)	/ 2 )
=	-1.036	/	0.5685
=	-182.23 %

where

	Invested Capital		(A: Apr. 2023 )
=	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	))
=	1.676	-	0.049	-	( 1.15	-	max(0, 0.121	-	1.244	+	1.15	))
=	0.504

	Invested Capital		(A: Apr. 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	))
=	1.36	-	0.017	-	( 0.714	-	max(0, 0.045	-	0.755	+	0.714	))
=	0.633

Golden Rapture Mining's annualized Return on Capital (ROC %) for the quarter that ended in Jul. 2024 is calculated as:

	ROC % (Q: Jul. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Apr. 2024 )	+	Invested Capital (Q: Jul. 2024 ))	/ count )
=	-0.612 * ( 1 - 0% )	/	( (0.633	+	0.851)	/ 2 )
=	-0.612	/	0.742
=	-82.48 %

where

	Invested Capital		(Q: Apr. 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	))
=	1.36	-	0.017	-	( 0.714	-	max(0, 0.045	-	0.755	+	0.714	))
=	0.633

	Invested Capital		(Q: Jul. 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	))
=	1.346	-	0.066	-	( 0.474	-	max(0, 0.066	-	0.495	+	0.474	))
=	0.851

Note: The Operating Income data used here is four times the quarterly (Jul. 2024) data.

Golden Rapture Mining (XCNQ:GLDR) 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, Golden Rapture Mining's WACC % is 9.19%. Golden Rapture Mining's ROC % is -168.08% (calculated using TTM income statement data). Golden Rapture Mining 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.

Golden Rapture Mining ROC % Related Terms

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Golden Rapture Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Rapture Mining Corp (XCNQ:GLDR) » Definitions » ROC %

Comparable Companies

Traded in Other Exchanges

N/A

Address

804 Barnes Link SW, Edmonton, AB, CAN, T6W 1E7

Website

https://www.goldenrapturemining.com

Golden Rapture Mining Corp is a mineral exploration and development company. It is focused on the acquisition, exploration, and development of mineral properties. Its objective is to locate and develop economic precious metals properties of merit and to conduct its exploration program on the Phillips Township Gold Property and the Hutchison/Maylac Gold Mine Property located in Fulford Township, Ontario.

Executives

Ryan Daniel Clyde Yanch

Director, Senior Officer

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