AGCZ (Andes Gold) ROCE %: 1,310.07% (As of Dec. 2003)

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What is Andes Gold ROCE %?

Andes Gold AGCZ -99.00% ROCE % is 1,310.07% as of Dec. 2003.

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. Andes Gold's annualized ROCE % for the quarter that ended in Dec. 2003 was 1,310.07%.

Andes Gold  (OTCPK:AGCZ) 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.

Andes Gold ROCE % Related Terms

Andes Gold ROCE % Historical Data

* Premium members only.

The historical data trend for Andes 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.

Andes Gold ROCE % Chart

Andes Gold Annual Data
Trend Dec94 Dec95 Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -48.32 -45.90 -20.71 -15.24 -140.31

Andes Gold Quarterly Data
Jun98 Sep98 Dec98 Dec99 Mar00 Jun00 Sep00 Dec00 Mar01 Jun01 Sep01 Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03
ROCE % 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 386.88 -180.48 -211.38 -349.00 1,310.07

Andes Gold ROCE % Calculation

Andes Gold's annualized ROCE % for the fiscal year that ended in Dec. 2003 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2003 )  (A: Dec. 2002 )(A: Dec. 2003 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2003 )  (A: Dec. 2002 )(A: Dec. 2003 )
=-0.912/( ( (4.145 - 2.707) + (4.04 - 4.178) )/ 2 )
=-0.912/( (1.438+-0.138)/ 2 )
=-0.912/0.65
=-140.31 %

Andes Gold's ROCE % of for the quarter that ended in Dec. 2003 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2003 )  (Q: Sep. 2003 )(Q: Dec. 2003 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2003 )  (Q: Sep. 2003 )(Q: Dec. 2003 )
=7.284/( ( (5.926 - 4.676) + (4.04 - 4.178) )/ 2 )
=7.284/( ( 1.25 + -0.138 )/ 2 )
=7.284/0.556
=1,310.07 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2003) EBIT data.

* 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 ROCE % →
What does a ROCE % of 1,310.07% mean?
Andes Gold (AGCZ) has a ROCE % of 1,310.07% as of Dec. 2003.
Is Andes Gold's ROCE % too high?
Andes Gold's current ROCE % is 1,310.07%.
How does Andes Gold's ROCE % compare to competitors?
Andes Gold's ROCE % of 1,310.07% 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 ROCE % for a Metals & Mining company?
A good ROCE % depends on the Metals & Mining industry context. However, ROCE % 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. Andes Gold's current ROCE % is 1,310.07%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Andes Gold stock overvalued right now?
Andes Gold (AGCZ) has a current ROCE % of 1,310.07%. The current ROCE % is 1,310.07%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Andes Gold (AGCZ), the current ROCE % is 1,310.07% as of Dec. 2003. 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.

Andes Gold Business Description

Address 1200 N. Federal Highway, Suite 200, Boca Raton, FL, USA, 33432
Andes Gold Corp is the operator of leased properties which it mines for mineral resources, specifically, gold. The company develops and produces gold assets in Ecuador and South America.