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CNOBF (Rocky Shore Gold) ROCE % : -1,575.05% (As of Oct. 2024)


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What is Rocky Shore Gold 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. Rocky Shore Gold's annualized ROCE % for the quarter that ended in Oct. 2024 was -1,575.05%.

Rocky Shore Gold ROCE % Historical Data

The historical data trend for Rocky Shore 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.

* Premium members only.

Rocky Shore Gold ROCE % Chart

Rocky Shore Gold Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -140.82 -132.79 -138.18 -141.54 -508.40

Rocky Shore Gold Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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 -715.32 601.65 -391.49 -1,181.40 -1,575.05

Rocky Shore Gold ROCE % Calculation

Rocky Shore Gold's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jan. 2024 )  (A: Jan. 2023 )(A: Jan. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jan. 2024 )  (A: Jan. 2023 )(A: Jan. 2024 )
=-0.938/( ( (0.325 - 0.062) + (0.208 - 0.102) )/ 2 )
=-0.938/( (0.263+0.106)/ 2 )
=-0.938/0.1845
=-508.40 %

Rocky Shore Gold's ROCE % of for the quarter that ended in Oct. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Oct. 2024 )  (Q: Jul. 2024 )(Q: Oct. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Oct. 2024 )  (Q: Jul. 2024 )(Q: Oct. 2024 )
=-8.332/( ( (0.134 - 0.083) + (1.541 - 0.534) )/ 2 )
=-8.332/( ( 0.051 + 1.007 )/ 2 )
=-8.332/0.529
=-1,575.05 %

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

Rocky Shore Gold  (OTCPK:CNOBF) 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.

Rocky Shore Gold ROCE % Related Terms

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Rocky Shore Gold Business Description

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Traded in Other Exchanges
RSG:Canada
Address
141 Adelaide Street West, Suite 301, Toronto, ON, CAN, M5H 3L5
Website
https://www.hemloexplorers.ca
Rocky Shore Gold Ltd, formerly Hemlo Explorers Inc is a Canada-based natural resource exploration and development company. Its projects include the North Limb, Belcher Islands Iron, Hemlo camp, project Idaho, and others.