Orinoco Gold (ASX:OGX) ROCE %: -438.88% (As of Jun. 2018)


What is Orinoco Gold ROCE %?

Orinoco Gold ASX:OGX ROCE % is -438.88% as of Jun. 2018. The stock has 3 warning signs investors should review.

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. Orinoco Gold's annualized ROCE % for the quarter that ended in Jun. 2018 was -438.88%.

Orinoco Gold  (ASX:OGX) 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.

Orinoco Gold ROCE % Related Terms

Orinoco Gold ROCE % Historical Data

* Premium members only.

The historical data trend for Orinoco 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.

Orinoco Gold ROCE % Chart

Orinoco Gold Annual Data
Trend Jun12 Jun13 Dec15 Dec16 Dec17 Dec18
ROCE %
Get a 7-Day Free Trial -54.45 -40.33 -73.01 -65.78 0.00

Orinoco Gold Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18
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 -69.38 -41.74 -79.38 -438.88 0.00

Orinoco Gold ROCE % Calculation

Orinoco Gold's annualized ROCE % for the fiscal year that ended in Dec. 2018 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2018 )  (A: Dec. 2017 )(A: Dec. 2018 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2018 )  (A: Dec. 2017 )(A: Dec. 2018 )
=-39.578/( ( (35.769 - 22.485) + (4.349 - 20.409) )/ 2 )
=-39.578/( (13.284+-16.06)/ 2 )
=-39.578/-1.388
=2,851.44 %

Orinoco Gold's ROCE % of for the quarter that ended in Jun. 2018 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2018 )  (Q: Dec. 2017 )(Q: Jun. 2018 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2018 )  (Q: Dec. 2017 )(Q: Jun. 2018 )
=-39.664/( ( (35.769 - 22.485) + (21.295 - 16.504) )/ 2 )
=-39.664/( ( 13.284 + 4.791 )/ 2 )
=-39.664/9.0375
=-438.88 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2018) 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 -438.88% mean?
Orinoco Gold (ASX:OGX) has a ROCE % of -438.88% as of Jun. 2018.
Is Orinoco Gold's ROCE % too high?
Orinoco Gold's current ROCE % is -438.88%.
How does Orinoco Gold's ROCE % compare to LSMG?
Orinoco Gold's ROCE % of -438.88% 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. Orinoco Gold's current ROCE % is -438.88%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orinoco Gold stock overvalued right now?
Orinoco Gold (ASX:OGX) has a current ROCE % of -438.88%. The current ROCE % is -438.88%. 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 Orinoco Gold (ASX:OGX), the current ROCE % is -438.88% as of Jun. 2018. 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.

Orinoco Gold Business Description

Address 9/448 Roberts Road, Subiaco, WA, AUS, 6008
Orinoco Gold Ltd is a Brazilian-focused gold company. It is focussed on mining the Cascavel gold mine as well as unlocking the Faina Goldfields Project (Faina Project) located in the central Brazilian State of Goias. The company's segments include Gold and All Other. The Faina Project consists of a large tenement package of over 50 tenements that encompass the key Cascavel, Sertao and Tinteiro Projects, as well as numerous advanced gold exploration targets including Espanola, Elisio, Antenna, and Xupe.