Detour Gold (Detour Gold) ROCE % : 2.89% (As of Sep. 2019)

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What is Detour 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. Detour Gold's annualized ROCE % for the quarter that ended in Sep. 2019 was 2.89%.

Detour Gold ROCE % Historical Data

The historical data trend for Detour 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.

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Detour Gold ROCE % Chart

Detour Gold Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

ROCE %

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-2.31

-0.90

1.46

6.65

3.73

Detour Gold Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
ROCE %	Get a 7-Day Free Trial															1.58	0.53	5.87	2.31	2.89

Detour Gold ROCE % Calculation

Detour 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 )
	=	88.7	/	( ( (2417.5 - 71.4)	+	(2468 - 63.7) )	/ 2 )
	=	88.7	/	( (2346.1	+	2404.3)	/ 2 )
	=	88.7	/	2375.2
	=	3.73 %

Detour Gold's ROCE % of for the quarter that ended in Sep. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2019 )		(Q: Jun. 2019 )		(Q: Sep. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2019 )		(Q: Jun. 2019 )		(Q: Sep. 2019 )
	=	70.4	/	( ( (2543.3 - 112.6)	+	(2568.2 - 130.5) )	/ 2 )
	=	70.4	/	( ( 2430.7	+	2437.7 )	/ 2 )
	=	70.4	/	2434.2
	=	2.89 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2019) EBIT data.

Detour Gold (OTCPK:DRGDF) 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.

Detour Gold ROCE % Related Terms

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Detour Gold (Detour Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Detour Gold Corp (OTCPK:DRGDF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

199 Bay Street, Suite 4100, PO Box 121, Commerce Court West, Toronto, ON, CAN, M5L 1E2

Website

http://www.detourgold.com

Detour Gold Corp is a Canada-based intermediate gold miner. The company's primary investment is its 100% interest in the Detour Lake mine, a long-life large-scale open pit mine in northeastern Ontario, roughly 300 kilometers northeast of Timmins and 185 kilometers northeast of Cochrane. The Detour Lake mine is an open-pit operation consisting of a contiguous block of mining claims and leases totaling about 625 square kilometers in the District of Cochrane and is one of the largest gold-producing mines in Canada.

Detour Gold (Detour Gold) Headlines

From GuruFocus

Gabelli Funds Comments on Detour Gold

By Holly LaFon Holly LaFon • 11-17-2016

DETOUR GOLD ALERT: Bragar Eagel & Squire, P.C. Investigates Proposed Sale of DRGDF and Encourages Investors to Contact the Firm

By PRNewswire PRNewswire • 11-25-2019

First Eagle Gold Fund Comments on Detour Gold

By Sydnee Gatewood Sydnee Gatewood • 01-31-2020